https://www.taxtmi.com/article/detailed?id=1896 The Advance Pricing Agreement scheme allows taxpayers to obtain unilateral, bilateral or multilateral agreements specifying the arm's length price or methodology for international transactions. The process includes pre filing consultation, formal application with prescribed fees, preliminary processing, negotiation (including mutual agreement procedures under Rule 44GA for international coordination), and finalization with Central Government approval. APAs are binding while critical assumptions and conditions hold; taxpayers must submit annual compliance reports and submit to compliance audits, and agreements may be revised or cancelled where assumptions change, law changes, or non compliance is found. en-us Sat, 22 Sep 2012 11:58:48 +0530 Sat, 22 Sep 2012 11:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1896 The Advance Pricing Agreement scheme allows taxpayers to obtain unilateral, bilateral or multilateral agreements specifying the arm's length price or methodology for international transactions. The process includes pre filing consultation, formal application with prescribed fees, preliminary processing, negotiation (including mutual agreement procedures under Rule 44GA for international coordination), and finalization with Central Government approval. APAs are binding while critical assumptions and conditions hold; taxpayers must submit annual compliance reports and submit to compliance audits, and agreements may be revised or cancelled where assumptions change, law changes, or non compliance is found. Articles Income Tax Sat, 22 Sep 2012 11:58:48 +0530 https://www.taxtmi.com/article/detailed?id=1896