Companies in India may have extra flexibility below amended secure harbor guidelines for transactions involving worldwide intraparty loans, following a change in present regulation that goes into impact April 1.

India’s Central Board of Direct taxes has expanded the definition of intragroup loans to incorporate loans sourced in U.S. {dollars} and different foreign currency echange and in addition loans made to any related enterprise.

Until now, secure harbor provisions had been out there just for loans that had been sourced in Indian rupees, and which had been made to wholly-owned subsidiaries.

The modification is especially related for India-headquartered multinational …