Indian Advance Pricing Agreement regime moves forward with signing of nine APAs by CBDT in July, 2017

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....ment regime moves forward with signing of nine APAs by CBDT in July, 2017 The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017. Some of the UAPAs signed had rollback provisions also. The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying th....

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....d in these nine APAs include provision of software development services, provision of IT enabled services, provision of engineering design services, distribution, contract manufacturing, etc. The number of UAPAs signed in the current financial year is 18 and the number of BAPAs signed in the current financial year is one. With this, the total number of APAs signed till date stands at 171 (Unila....