TaxTMI 
TaxTMI 
Indian Advance Pricing Agreement regime moves forward with signing of more UAPAs and BAPAs by CBDT
X X X X Extracts X X X X
X X X X Extracts X X X X
....ndian Advance Pricing Agreement regime moves forward with signing of more UAPAs and BAPAs by CBDT <br>News and Press Release<br>Dated:- 2-11-2018<br><BR>Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 2nd November, 2018 PRESS RELEASE Indian Advance Pricing Agreement regime moves forward with signing of more UAPAs and BAPAs by CBDT The C....
X X X X Extracts X X X X
X X X X Extracts X X X X
....entral Board of Direct Taxes (CBDT) has entered into 5 more Unilateral Advance Pricing Agreements (UAPAs) and 1 Bilateral APA during the month of October, 2018. Further, the CBDT had also entered into 3 UAPAs and 3 BAPAs in the months of August and September, 2018. With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone up to 244, which includes 220 UAPAs a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nd 24 BAPAs. It is noteworthy that one of the UAPAs signed in October is a renewal application and the same has been concluded in a time span of only 7 months. The BAPAs entered into during the last three months were with the following treaty partners:- * Australia - 2 * Switzerland - 2 The BAPAs and UAPAs entered into during the last three months pertain to various sectors and sub-sectors o....
X X X X Extracts X X X X
X X X X Extracts X X X X
....f the economy like publishing, production of electronic goods, automobile ancillary manufacturing, banking, IT/ITeS, textiles, telecommunications, food & beverages, etc. The international transactions covered in all these agreements, inter alia, include the following, - * provision of software development services * provision of back office (ITeS) support services * export/import of raw mat....
X X X X Extracts X X X X
X X X X Extracts X X X X
....erials, journals, etc * payment of royalty * advertising, marketing and sales promotion (AMP) expenses incurred * provision of marketing support services * distribution of finished goods * corporate management and business support services * payment of guarantee fee The progress of the APA scheme strengthens the Government's resolve of fostering a non-adversarial tax regime. The India....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n APA programme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner. (Surabhi Ahluwalia) Commissioner of Income Tax (Media & Technical Policy) Official Spokesperson, CBDT.<BR> News - Press release - PIB....