Rule 10d read with section 92d

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

06 May 2014  

Friends,

If the specified domestic trasnactions during the year is only 50 lakhs, is it needed to prepare a detailed documentation report under Rule 10D read with section 92D.

For international transactions Rule 10D is not applicable till Rs 1 crore.

Regards,