TMI BlogSTEPS NEED TO BE TAKEN AFTER APPROVAL ADVANCE PRICING AGREEMENT(APA)?X X X X Extracts X X X X X X X X Extracts X X X X ..... 2015-16 A ltd. submits return of income on November 10,2015. On November 18, 2015, it enters into an advance pricing agreement (APA) with the Board pertaining to determination of arm s length price in connection with import of semi-finished goods from its holding company situated in the Switzerland. The agreement provides ALP for the transactions pertaining to the assessment years 2014-15 and 201 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessment year 2015-16 is pending. Normally, the assessment for the assessment year 2015-16 should be completed before April 1, 2018. In this case, the Assessing Officer can complete the assessment for the assessment year 2015-16 (keeping in view the provisions of APA) at any time before April 1, 2019. - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Manage ..... X X X X Extracts X X X X X X X X Extracts X X X X
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