NEW DELHI: The Central Board of Immediate Taxes (CBDT) today claimed it’s signed two additional advance pricing agreements (APAs) in September with Indian taxpayers as it appears to scale back litigation by offering certainty in transfer pricing.
The two APAs signed through September, 2017 pertain to car and healthcare consulting sectors.
“With the signing of such two agreements, the full range of APAs entered into by CBDT till day has reached 177. This incorporates
“In the current money calendar year, a complete of twenty five APAs (2 bilateral and 23 unilateral) are already signed till day,” the CBDT claimed in a very statement.
The statement reported international transactions included in these two APAs consist of provision of IT enabled providers, provision of computer software advancement solutions and provision of engineering design companies.
It pointed out that APA scheme endeavours to offer certainty to taxpayers inside the domain of transfer pricing by specifying Read more .