International transaction under Section 92B:
AOnly services
BAll foreign transactions (per relevant Section)
COnly sale of goods
DBetween 2+ AEs (one non-resident) (per relevant Section)
Answer & Solution
Correct answer: D. Between 2+ AEs (one non-resident) (per relevant Section)
1. Section 92B: transaction between two or more AEs, at least one non-resident.
2. Includes purchase, sale, lease, services, finance, business restructuring, anything with bearing on profits/income.
3. Explanation covers guarantees, deferred payments, intangible transfers.
_Source: ICAI BoS CA Final Paper 7, Ch 24 "Transfer Pricing"_
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