TPO Must Use Annual Average Collection Period for Transfer Pricing Adjustments on Receivables Exceeding 90 Days.

TPO Must Use Annual Average Collection Period for Transfer Pricing Adjustments on Receivables Exceeding 90 Days. https://www.taxtmi.com/highlights?id=48162 TP Adjustment - ALP of interest on receivables - no credit period was agreed between the parties - TPO should not calculate the collection period selectively which are beyond 90 days, he has to calculate the average of collection for the year under consideration of all the transactions - the adjustment only to the extent it crossed 90 days en-us Wed, 24 Jul 2019 06:44:29 +0530 Wed, 24 Jul 2019 06:44:29 +0530 TaxTMI RSS Generator TPO Must Use Annual Average Collection Period for Transfer Pricing Adjustments on Receivables Exceeding 90 Days. https://www.taxtmi.com/highlights?id=48162 TP Adjustment - ALP of interest on receivables - no credit period was agreed between the parties - TPO should not calculate the collection period selectively which are beyond 90 days, he has to calculate the average of collection for the year under consideration of all the transactions - the adjustment only to the extent it crossed 90 days Highlights Income Tax Wed, 24 Jul 2019 06:44:29 +0530 https://www.taxtmi.com/highlights?id=48162