<h1>CBDT Signs Two Unilateral Advance Pricing Agreements with Rollback, Enhancing Tax Certainty for Nine Years in India.</h1> The Central Board of Direct Taxes (CBDT) signed two unilateral Advance Pricing Agreements (APAs) with multinational companies on August 3, 2015, including the first with a Rollback provision, extending tax certainty for nine years. This brings the total to 14 APAs, covering sectors like telecommunication and pharmaceuticals. Unilateral APAs involve only Indian tax authorities, while bilateral APAs include foreign tax authorities. A Framework Agreement with the US under the India-US Double Taxation Avoidance Convention aims to resolve 200 past transfer pricing disputes, with 35 resolved so far. Ongoing negotiations with the UK and Japan are progressing, enhancing tax certainty for foreign investors in India.