Transfer Pricing Adjustment: LIBOR Rate Plus Two Basis Points Preferred Over State Bank of India's 14.45% for Interest Rate.

Transfer Pricing Adjustment: LIBOR Rate Plus Two Basis Points Preferred Over State Bank of India's 14.45% for Interest Rate. https://www.taxtmi.com/highlights?id=64164 TP Adjustment made on account of interest chargeable on outstanding receivables - applying LIBOR rates - adoption of SBI prime lending rate @14.45% is definitely excessive and is not in order. In our considered opinion, applying LIBOR rates plus two basis points would be a reasonable rate of interest which should be adopted for benchmarking the international transaction of interest on outstanding receivables. - AT en-us Mon, 20 Jun 2022 08:39:19 +0530 Mon, 20 Jun 2022 08:39:19 +0530 TaxTMI RSS Generator Transfer Pricing Adjustment: LIBOR Rate Plus Two Basis Points Preferred Over State Bank of India's 14.45% for Interest Rate. https://www.taxtmi.com/highlights?id=64164 TP Adjustment made on account of interest chargeable on outstanding receivables - applying LIBOR rates - adoption of SBI prime lending rate @14.45% is definitely excessive and is not in order. In our considered opinion, applying LIBOR rates plus two basis points would be a reasonable rate of interest which should be adopted for benchmarking the international transaction of interest on outstanding receivables. - AT Highlights Income Tax Mon, 20 Jun 2022 08:39:19 +0530 https://www.taxtmi.com/highlights?id=64164