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CBDT Signs Advance Pricing Agreements (APAs) to Usher in Certainity in Taxation

Dated:- 6-8-2015 - As a part of a major initiative to usher in certainty in taxation, the Central Board of Direct Taxes (CBDT) entered into two unilateral Advance Pricing Agreements (APAs) on 3 August, 2015 with two Multi-National Companies (MNCs) wh .....

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maceuticals, finance/banking, software development services and ITeS (BPOs). Unilateral APAs are agreed between Indian taxpayers and the CBDT, without involvement of the tax authorities of the country where the associated enterprise is based. Bilater .....

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s of setting prices of international transactions in advance. The Government is committed to conclude a large number of APAs to foster an environment of tax cooperation and certainty. Currently, a number of unilateral as well as bilateral APAs with C .....

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