https://www.taxtmi.com/notifications?id=141275 Amendments redefine intra-group loan to exclude loans from financial institutions and open-ended facilities, revise treatment of income and loss on transfer of non-depreciable assets, and replace the foreign currency intra-group loan safe harbour with a tiered interest schedule. The schedule requires interest not less than the relevant currency reference rate as of the prescribed date plus credit rating based spreads that vary by aggregate loan exposure, and an Explanation specifies the benchmark reference rates and rules for determining applicable credit ratings. en-us Tue, 19 Dec 2023 00:00:00 +0530 Wed, 20 Dec 2023 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141275 Amendments redefine intra-group loan to exclude loans from financial institutions and open-ended facilities, revise treatment of income and loss on transfer of non-depreciable assets, and replace the foreign currency intra-group loan safe harbour with a tiered interest schedule. The schedule requires interest not less than the relevant currency reference rate as of the prescribed date plus credit rating based spreads that vary by aggregate loan exposure, and an Explanation specifies the benchmark reference rates and rules for determining applicable credit ratings. Notifications Income Tax Tue, 19 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141275