Clarification by Central Board of Direct Taxes on rollback provision in the revised India-Korea Double Taxation Avoidance Agreement

Clarification by Central Board of Direct Taxes on rollback provision in the revised India-Korea Double Taxation Avoidance Agreement https://www.taxtmi.com/news?id=17615 Clarification concerns availability and processing of the rollback provision in bilateral Advance Pricing Agreements under the revised India-Korea DTAA. Taxpayers may submit bilateral APA applications including rollback requests for international transactions with associated enterprises in Korea; such requests will be processed under the Income Tax Act rollback provision and applicable Income Tax rules, and inclusion of rollback is subject to Korea's regulations. en-us Fri, 17 Mar 2017 11:39:06 +0530 Fri, 17 Mar 2017 11:39:06 +0530 TaxTMI RSS Generator Clarification by Central Board of Direct Taxes on rollback provision in the revised India-Korea Double Taxation Avoidance Agreement https://www.taxtmi.com/news?id=17615 Clarification concerns availability and processing of the rollback provision in bilateral Advance Pricing Agreements under the revised India-Korea DTAA. Taxpayers may submit bilateral APA applications including rollback requests for international transactions with associated enterprises in Korea; such requests will be processed under the Income Tax Act rollback provision and applicable Income Tax rules, and inclusion of rollback is subject to Korea's regulations. News - Fri, 17 Mar 2017 11:39:06 +0530 https://www.taxtmi.com/news?id=17615