Advance pricing agreement applications require Form 51, prescribed fee payment, and filing before specified transaction timing. An eligible person may apply for an advance pricing agreement in Form No. 51 with the prescribed fee and proof of payment of twenty lakh rupees. The application must be filed with the Principal Chief Commissioner of Income-tax (International Taxation) for a unilateral agreement, and with the competent authority of India for a bilateral or multilateral agreement. It may be filed before the first day of the first tax year for continuing transactions, or before undertaking the transaction for remaining transactions.
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Provisions expressly mentioned in the judgment/order text.
Advance pricing agreement applications require Form 51, prescribed fee payment, and filing before specified transaction timing.
An eligible person may apply for an advance pricing agreement in Form No. 51 with the prescribed fee and proof of payment of twenty lakh rupees. The application must be filed with the Principal Chief Commissioner of Income-tax (International Taxation) for a unilateral agreement, and with the competent authority of India for a bilateral or multilateral agreement. It may be filed before the first day of the first tax year for continuing transactions, or before undertaking the transaction for remaining transactions.
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