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RU
Form 48: Accountant’s Report for International & Specified Domestic Transactions
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taxguruin
48 contains six parts covering assessee particulars, aggregate transaction amounts, international transactions and associated enterprises, specified domestic transactions, arm’s length price and adjustments, and transactions exceeding the specified amount.
48 is a report from an accountant to be furnished under section 172 of the Income-tax Act, 2025, relating to the international transactions and/or specified domestic transactions.
48 is to be filed by every person who has entered into an international transaction and/or specified domestic transaction during a tax year.
Part-D contains the details of the specified domestic transactions, and associated enterprises with whom these transactions have been undertaken.
Part-F contains information in the cases where the amount of international transaction and/or specified domestic transaction exceeds the specified amount.