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Nine unilateral APAs with taxpayers initialized by CBDT

"Complex issues like capacity utilization adjustment; treatment of AMP expenses etc. have been carefully examined and resolved in some of these agreements," the ministry added.


PTI Last Updated at 01 Aug 2018, 20:08 IST India

The Central Board of Direct Taxes (CBDT) has signed nine more unilateral advance pricing agreements (APAs) with Indian taxpayers in July as it looks to reduce litigation by providing certainty in transfer pricing.

The nine APAs signed in the past one month pertain to sectors like telecom, healthcare, manufacturing, engineering, media, and irrigation.

With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone up to 232, which includes 20 Bilateral Advance Pricing Agreements (BAPAs), the finance ministry said in a statement.

"Complex issues like capacity utilization adjustment; treatment of AMP expenses etc. have been carefully examined and resolved in some of these agreements," the ministry added.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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