Meaning of international transaction

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..... idents, in the nature of purchase, sale or lease of tangible or intangible property, or provision of services, or lending or borrowing money, or any other transaction having a bearing on the profits, income, losses or assets of such enterprises, and shall include a mutual agreement or arrangement between two or more associated enterprises for the allocation or apportionment of, or any contribution .....

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..... a nonresident or not]. 1 [Explanation . For the removal of doubts, it is hereby clarified that ( i ) the expression international transaction shall include ( a ) the purchase, sale, transfer, lease or use of tangible property including building, transportation vehicle, machinery, equipment, tools, plant, furniture, commodity or any other article, product or thing; ( b ) the pu .....

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..... nistration, technical service, repairs, design, consultation, agency, scientific research, legal or accounting service; ( e ) a transaction of business restructuring or reorganisation, entered into by an enterprise with an associated enterprise, irrespective of the fact that it has bearing on the profit, income, losses or assets of such enterprises at the time of the transaction or at any futur .....

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..... rints, 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 organise .....

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..... d vide THE FINANCE (No. 2) ACT, 2014 w.e.f. 1st day of April, 2015, before it was read as, deemed to be a transaction 3. Inserted vide THE FINANCE (No. 2) ACT, 2014 w.e.f. 1st day of April, 2015 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T .....

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