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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

TP Adjustment - Interest on delayed receivables - the prime ...

Income Tax

April 3, 2023

TP Adjustment - Interest on delayed receivables - the prime lending rate should not be considered and this reasoning will apply to adopting short term deposit interest rate offered by State Bank of India (SBI) also. The rate of interest would be on the basis of the currency in which the loan is to be repaid. - AT

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