Income Tax Act, 2025
Section 3: Ins. by Act 23 of 2012, s. 35 (w.e.f. 12002).
3. Ins. by Act 23 of 2012, s. 35 (w.e.f. 12002).
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(c) artistic related intangible assets, such as, literary works and copyrights, musical
compositions, copyrights, maps, engravings;
(d) data processing related intangible assets, such as, proprietary computer software, software
copyrights, automated databases, and integrated circuit masks and masters;
(e) engineering related intangible assets, such as, industrial design, product patents, trade
secrets, engineering drawing and schematics, blueprints, proprietary documentation;
(f) customer related intangible assets, such as, customer lists, customer contracts, customer
relationship, open purchase orders;
(g) contract related intangible assets, such as, favourable supplier, contracts, licence
agreements, franchise agreements, non-compete agreements;
(h) human capital related intangible assets, such as, trained and organised work force,
employment agreements, union contracts;
(i) location related intangible assets, such as, leasehold interest, mineral exploitation rights,
easements, air rights, water rights;
(j) goodwill related intangible assets, such as, institutional goodwill, professional practice
goodwill, personal goodwill of professional, celebrity goodwill, general business going concern
value;
(k) methods, programmes, systems, procedures, campaigns, surveys, studies, forecasts,
estimates, customer lists, or technical data;
(l) any other similar item that derives its value from its intellectual content rather than its
physical attributes.]
1[92BA. Meaning of specified domestic transaction.—For the purposes of this section and
sections 92, 92C, 92D and 92E, “specified domestic transaction” in case of an assessee means any of the
following transactions, not being an international transaction, namely:—
2* * * * *
(ii) any transaction referred to in section 80A;
(iii) any transfer of goods or services referred to in sub-section (8) of section 80-IA;
(iv) any business transacted between the assessee and other person as referred to in
sub-section (10) of section 80-IA;
(v) any transaction, referred to in any other section under Chapter VI-A or section 10AA, to
which provisions of sub-section (8) or sub-section (10) of section 80-IA are applicable; or
(vi) any other transaction as may be prescribed,
and where the aggregate of such transactions entered into by the assessee in the previous year exceeds a
sum of 3[twentycrore rupees].]
artistic related intangible assets, such as, literary works and copyrights, musical
compositions, copyrights, maps, engravings;
data processing related intangible assets, such as, proprietary computer software, software
copyrights, automated databases, and integrated circuit masks and masters;
engineering related intangible assets, such as, industrial design, product patents, trade
secrets, engineering drawing and schematics, blueprints, proprietary documentation;
customer related intangible assets, such as, customer lists, customer contracts, customer
relationship, open purchase orders;
contract related intangible assets, such as, favourable supplier, contracts, licence
agreements, franchise agreements, non-compete agreements;
human capital related intangible assets, such as, trained and organised work force,
employment agreements, union contracts;
location related intangible assets, such as, leasehold interest, mineral exploitation rights,
easements, air rights, water rights;
goodwill related intangible assets, such as, institutional goodwill, professional practice
goodwill, personal goodwill of professional, celebrity goodwill, general business going concern
value;
methods, programmes, systems, procedures, campaigns, surveys, studies, forecasts,
estimates, customer lists, or technical data;
any other similar item that derives its value from its intellectual content rather than its
physical attributes.]
1[92BA. Meaning of specified domestic transaction.—For the purposes of this section and
sections 92, 92C, 92D and 92E, “specified domestic transaction” in case of an assessee means any of the
following transactions, not being an international transaction, namely:—
2* * * * *
any transaction referred to in section 80A;
any transfer of goods or services referred to in sub-section
of section 80-IA;
any business transacted between the assessee and other person as referred to in
sub-section
of section 80-IA;
any transaction, referred to in any other section under Chapter VI-A or section 10AA, to
which provisions of sub-section
or sub-section
of section 80-IA are applicable; or
any other transaction as may be prescribed,
and where the aggregate of such transactions entered into by the assessee in the previous year exceeds a
sum of 3[twentycrore rupees].]