TP adjustment for corporate guarantee commission at 0.50% on ...

Transfer pricing adjustment for corporate guarantee commission at 0.50%. Interest on receivables beyond 60-240 days for non-AEs allowed for AEs. LIBOR+200 interest rate on forex receivables/advances accepted.

Case Laws     Income Tax

July 29, 2024

TP adjustment for corporate guarantee commission at 0.50% on guaranteed amount directed. Interest on receivables beyond agreed credit period of 60-240 days for non-AEs to be allowed for AEs. Interest rate on foreign currency receivables/advances accepted as LIBOR+200 points. Weighted deduction u/s 35(2AB) for clinical trial expenses incurred outside approved R&D facilities allowed based on prescribed authority approval and judicial precedents.

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