CASC Article – Interest on Overdue Receivable
VSTN Article on “Interest on overdue receivables” coauthored by Nithya S and Ranjani S which was published in the “CASC Monthly Bulletin” for August 2024.
The attached article discusses about the Imputation of notional interest on overdue receivables which holds a prominent position amongst the most recurring transfer pricing adjustments that are being imposed by the Revenue authorities in the recent times.
While this issue has been subject matter of many tax rulings, various principles have emanated from the rulings.