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ITA 2025 · Section 506

Information - Document re International Transactions

Chapter XXIII — Miscellaneous and RepealITA 2025AY 2026-27 onward

Section 506 of the Income-tax Act, 2025 corresponds to s. 92 D of the Income-tax Act, 1961. STATUTORY ARCHITECTURE Maintain prescribed information / document about international transactions / specified domestic transactions, master file,…

Section 506 — - INFORMATION / DOCUMENT RE INTERNATIONAL TRANSACTIONS

Section 506 of the Income-tax Act, 2025 corresponds to s. 92D of the Income-tax Act, 1961.

STATUTORY ARCHITECTURE

Maintain prescribed information / document about international transactions / specified domestic transactions, master file, and CbCR. Furnish to AO/TPO on requisition.

PRACTITIONER PLANNING NOTES

  • Rule 10D maintenance: contemporaneous documentation as on FY-end; updated annually.

CROSS-REFERENCES

  • s. 533 [295] -- Rules.
  • s. 535 [298] -- Removal of difficulty.
  • s. 536 [Repeal] -- Saving clause.
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