Income-tax Act, 1961

Special measures in respect of transactions with persons located in notified jurisdictional area.

94A. (1) The Central Government may, having regard to the lack of effective exchange of information with any country or territory outside India, specify by notification in the Official Gazette such country or territory as a notified jurisdictional area in relation to transactions entered into by any assessee.

(2) Notwithstanding anything to the contrary contained in this Act, if an assessee enters into a transaction where one of the parties to the transaction is a person located in a notified jurisdictional area, then-

(i)	-	all the parties to the transaction shall be deemed to be associated enterprises within the meaning of section 92A;
(ii)	-	any transaction in the nature of purchase, sale or lease of tangible or intangible property or provision of service or lending or borrowing money or any other transaction having a bearing on the profits, income, losses or assets of the assessee including a mutual agreement or arrangement for allocation or apportionment of, or any contribution to, any cost or expense incurred or to be incurred in connection with a benefit, service or facility provided or to be provided by or to the assessee shall be deemed to be an international transaction within the mean .... To read the full section download the app from Google Play store Latest Job Openings View all ARTICLESHIP 18 September 2026 Industrial Trainee Twenty Point Nine Five Ventures Private Limited Noida CA Inter View Details 22 September 2026 Account Assistant Chirag P Shah & Co. Chartered Accountant Pune B.Com View Details ARTICLESHIP 28 September 2026 Junior Accountant J S P M & Associates LLP Pune B.Com View Details ARTICLESHIP 16 September 2026 Article Assistant MANUJ SHARMA AND COMPANY Noida CA Inter View Details 16 September 2026 Internal Audit - Team Lead Consulting & Beyond Chennai CA View Details 09 September 2026 Chartered Accountant Aviv Global Private Limited Ahmedabad CA View Details Featured 11 September 2026 Audit Executive RBSM Corporate Advisors Private Limited Pune CA View Details ARTICLESHIP 30 September 2026 CA Article Assistant CA Suraj Garg & Associates New Delhi CA Final View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Print  PDF Finance and Tax WhatsApp groups list CCI All Updates (WA Group) CCI All Updates (WA Channel) CCI All Updates (Telegram Channel) GST Income Tax CA Final CA Inter CA Foundation CCI Jobs CS CCI Webinars CCI Pro Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register Follow Us