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Central Board of Direct Taxes (CBDT) signs seven Unilateral Advance Pricing Agreements (APAs)

News and Press Release - Dated:- 18-7-2016 - The Central Board of Direct Taxes (CBDT) entered into seven (7) Unilateral Advance Pricing Agreements (APAs) today, i.e., 18th July, 2016, with Indian taxpayers. Some of these agreements also have a Rollback provision in them. The APA Scheme was introduced in the Income-tax Act in 2012 and the Rollback provisions were introduced in 2014. The scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods .....

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