https://www.taxtmi.com/article/detailed?id=12837 Corporate guarantee fees were classified as an international transaction requiring benchmarking and an Arm's Length Price set at 0.50% of the guaranteed amount. Interest on overdue receivables from associated enterprises was to be benchmarked and computed beyond the contractual invoice credit period, with quantification by reference to LIBOR-based comparable rates. Expenditure lacking prescribed authority approval did not qualify for weighted R&D deduction but remained eligible for ordinary deduction; clinical trials outside approved facilities may still relate to scientific research. en-us Sat, 03 Aug 2024 14:10:48 +0530 Sat, 03 Aug 2024 14:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12837 Corporate guarantee fees were classified as an international transaction requiring benchmarking and an Arm's Length Price set at 0.50% of the guaranteed amount. Interest on overdue receivables from associated enterprises was to be benchmarked and computed beyond the contractual invoice credit period, with quantification by reference to LIBOR-based comparable rates. Expenditure lacking prescribed authority approval did not qualify for weighted R&D deduction but remained eligible for ordinary deduction; clinical trials outside approved facilities may still relate to scientific research. Articles Income Tax Sat, 03 Aug 2024 14:10:48 +0530 https://www.taxtmi.com/article/detailed?id=12837