https://www.taxtmi.com/manuals?id=4488 Applicants may select a Unilateral, Bilateral or Multilateral Advance Pricing Agreement. Unilateral APAs are bilateral arrangements solely with the Indian tax authority and do not bind treaty partners, potentially leaving scope for economic double taxation. Bilateral APAs require concurrent applications and MAP negotiation between India and the other jurisdiction, with the applicant's acceptance of the resulting arrangement before execution. Multilateral APAs extend MAP negotiation to multiple treaty partners and likewise require applicant acceptance. Bilateral or multilateral APAs are considered only where a tax treaty with a MAP article exists, comparable transfer pricing adjustment provisions are present, and the other jurisdiction operates a corresponding APA program. en-us Thu, 22 Feb 2024 18:30:00 +0530 Tue, 27 Feb 2024 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4488 Applicants may select a Unilateral, Bilateral or Multilateral Advance Pricing Agreement. Unilateral APAs are bilateral arrangements solely with the Indian tax authority and do not bind treaty partners, potentially leaving scope for economic double taxation. Bilateral APAs require concurrent applications and MAP negotiation between India and the other jurisdiction, with the applicant's acceptance of the resulting arrangement before execution. Multilateral APAs extend MAP negotiation to multiple treaty partners and likewise require applicant acceptance. Bilateral or multilateral APAs are considered only where a tax treaty with a MAP article exists, comparable transfer pricing adjustment provisions are present, and the other jurisdiction operates a corresponding APA program. Manuals Income Tax Thu, 22 Feb 2024 18:30:00 +0530 https://www.taxtmi.com/manuals?id=4488