Maintenance, Keeping & Furnishing of Information and Document by persons entering into International Transaction & Specified Domestic Transaction - Section 92D and Rule 10D

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..... ection 92D and Rule 10D Responsibility of the enterprise to maintain record [ Section 92D(1) ] Every person who has entered into an international transaction or specified domestic transaction shall keep and maintain such information and document in respect thereof, as may be prescribed. However, as per Rule 10D this provision shall not be applicable where the aggregate value, as recorded in books .....

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..... transaction [ Section 92D(3) ] The Assessing Officer or the Commissioner (Appeals) may, in the course of any proceeding under this Act, require any person who has entered into an international transaction or specified domestic transaction to furnish any information or document in respect thereof, as may be prescribed under section 92D(1), within a period of thirty ten days [ amended by FA 2023 ] .....

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