Income Tax Law
Income-tax Act, 2025 · CHAPTER X — Special provisions relating to avoidance of tax
Section 172Report from an accountant to be furnished by persons entering into international transaction or specified domestic transaction
Income-tax Act, 2025 (30 of 2025)
Every person who has entered into an international transaction or specified domestic transaction during a tax year shall obtain a report from an accountant and furnish such report on or before the specified date in the prescribed form duly signed and verified in the manner as may be prescribed by such accountant and setting forth such particulars as may be prescribed.
Referenced by
§ 173 Definitions of certain terms relevant to determination of arm’s length price, etc
§ 263 Return of income.
§ 447 Penalty for failure to furnish report under section 172
Rule 100 Safe harbour for income attribution in case of income from business and profession
Rule 274 Procedure for investment fund for availing benefit under section 9(12) read with Schedule I to Act
Rule 82 Exercise of option for determination of arm's length price for multiple years in a single proceeding
Rule 85 Report from an accountant to be furnished under section 172
Rule 89 Safe harbour for eligible international transactions
Rule 97 Safe harbour for eligible specified domestic transaction