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Central Board of Direct taxes (CBDT) Signs Five (5) more Unilateral Advance Pricing Agreements (APAs); Total Number of APAs Entered Into by the CBDT Reaches 103

News and Press Release - Dated:- 23-9-2016 - The Central Board of Direct Taxes (CBDT) entered into five (5) unilateral Advance Pricing Agreements (APAs) today with Indian taxpayers. One of these Agreements has a rollback provision in it. With these s .....

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4 bilateral APAs and 99 unilateral APAs. A total of 39 APAs have already been concluded in six months of the current Financial Year. The year-wise details of APA signings are as follows: Financial Year 2013-14 2014-15 2015-16 2016-17 (up to 23-09-201 .....

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tax regime. The approach and functioning of the officers in the APA teams have been appreciated and acknowledged by the industry in India and abroad. Earlier, the APA Scheme was introduced in the Income-tax Act in 2012 and the Rollback provisions wer .....

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