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Signing of Advance Pricing Agreements (APAs) signals major push towards tax certainty; 22 APAs already concluded in the current fiscal while 30 to 40 APAs expected to be finalized before the end of the fiscal; the new momentum will go a long way in avoiding disputes

Dated:- 11-12-2015 - The Central Board of Direct Taxes (CBDT) has recently entered into eleven (11) more Advance Pricing Agreements (APAs) with Indian subsidiaries for foreign companies. In a major push towards providing certainty to foreign investors in the arena of transfer pricing, the CBDT signed these APAs operating in various segments of the economy like investment advisory services, engineering design services, marine products, contract R&D, software development services, IT enabled s .....

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