Determination of arms' length rate of interest - PLR rates ...
Interest Rates for Foreign Currency Loans Not Tied to Prime Lending Rates; Vary by Currency Type.
March 31, 2015
Case Laws Income Tax HC
Determination of arms' length rate of interest - PLR rates are not applicable to loans to be re-paid in foreign currency. The interest rates vary and are thus dependent on the foreign currency in which the repayment is to be made - HC
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