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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

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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