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<h1>New Income-Tax Rules 10F to 10T & 44GA Streamline Advance Pricing Agreements for International Transactions</h1> The Income-tax (Tenth Amendment) Rules, 2012 introduces new rules (10F to 10T and 44GA) concerning the Advance Pricing Agreement (APA) scheme under the Income-tax Act, 1961. These rules outline the procedures for entering into APAs, which are agreements between taxpayers and the tax authorities to determine the transfer pricing methodology for international transactions. The rules specify eligibility criteria, application procedures, pre-filing consultations, compliance requirements, and processes for revising or canceling agreements. The amendment aims to provide clarity and streamline the APA process, ensuring fair and consistent transfer pricing practices for cross-border transactions.