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Master File under Section 92D applies if:

AOnly > Rs. 1,000 crore (per relevant Section) (per relevant Section)
BAlways
CMNE revenue > Rs. 500 crore AND international transactions > Rs. 50 crore
DOnly foreign cos
Answer & Solution
Correct answer: C. MNE revenue > Rs. 500 crore AND international transactions > Rs. 50 crore
1. Section 92D(4) + Rule 10DA: Master File for high-value MNE groups. 2. Triggers: consolidated MNE revenue > Rs. 500 crore AND (i) aggregate intl transactions > Rs. 50 crore or (ii) intangible transactions > Rs. 10 crore. 3. Master File (Form 3CEAA Part B) covers MNE-wide TP policies. _Source: ICAI BoS CA Final Paper 7, Ch 24 "Transfer Pricing"_
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