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of <h1>Rule 10CB: Interest on Delayed Repatriation Post Transfer Price Adjustments Under Sec 92CE, Income Tax Act Explained</h1> Rule 10CB of the Income Tax Rules, 1962, outlines the computation of interest income for secondary adjustments under section 92CE of the Income Tax Act. The rule specifies a 90-day repatriation period for excess money following primary adjustments to transfer prices. Interest is computed if repatriation is delayed, using the State Bank of India's marginal cost of fund lending rate plus 325 basis points for transactions in Indian rupees, or the six-month LIBOR plus 300 basis points for foreign currency transactions. The rule also details the start date for interest charges based on various scenarios, including advance pricing agreements and mutual agreement procedures.
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