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of <h1>CBDT Signs 16 APAs in March 2018, Total Reaches 219; Sectors Include IT, Auto, Banking, Telecom.</h1> The Central Board of Direct Taxes (CBDT) signed 16 Advance Pricing Agreements (APAs) in March 2018, including 14 Unilateral and 2 Bilateral with the United States, raising the total to 219 APAs. This includes 199 Unilateral and 20 Bilateral APAs, with 67 signed in the fiscal year 2017-18. These agreements cover sectors like Telecommunication, IT, Automobile, and Banking, involving transactions such as royalty payments and business support services. The APA scheme aims to foster a non-adversarial tax regime, receiving recognition for addressing complex transfer pricing issues transparently.
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