<h1>CBDT Signs Two Unilateral Advance Pricing Agreements in Chip Design and Software Sectors, Total Reaches Four for FY.</h1> The Central Board of Direct Taxes (CBDT) has signed two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, bringing the total to four for the current financial year. These agreements pertain to the chip design and software development sectors. One agreement includes a rollback provision, offering up to nine years of tax certainty. The APA scheme, aimed at providing transfer pricing certainty, is part of the government's effort to create a non-adversarial tax regime. It specifies pricing methods and determines arm's length prices for international transactions for up to five future years, with an option to roll back for four preceding years.