Advance Pricing Agreement

Advance Pricing agreement as a story

Income Tax - Explore the story of a multinational companys journey with Advance Pricing Agreements (APAs), ensuring compliance, transparency, and a harmonious tax relationship....

51 FAQs on Advance Pricing Agreements (APAs) in India

Income Tax - Learn about the special features of Advance Pricing Agreements (APAs) in India, annual compliances, revision, cancellation, and more in this detailed guide...

Advance pricing agreements – a fresh start in India?

Income Tax - In India, the underlying idea behind the scheme of APA is to make tax administration better and efficient by encouraging taxpayers to provide all the data essential for a comprehensive transfer pricing analysis and to motivate them towards engaging a mutual agreement....

Reducing Transfer Pricing Litigation via Advance Pricing Agreements

Income Tax - The APA determines the transfer pricing methodology for pricing an enterprises’ future international transactions or certain specified domestic transactions....

How does Advance Pricing Agreement help dispute resolution?

Income Tax - The Advance Pricing Agreement program has been a key dispute prevention mechanism in the Indian direct taxes set-up. There are three kinds of Advance Pricing Agreements – unilateral, bilateral and multilateral. Credibility of a tax administration depends to a large extent upon the efficacy of its dispute resolution mechanism. Advance Pr...

Annual Report on APA Programme by CBDT: Highlights & Insights (2019-22)

Income Tax - Dive deep into Annual Report of APA Programme in India for years 2019-2022. Explore CBDT's efforts, accomplishments, and challenges in ensuring tax certainty....

CBDT Signs 95 Advance Pricing Agreements in FY 2022-23

Income Tax - CBDT has entered into a record 95 Advance Pricing Agreements (APAs) in FY 2022-23 with Indian taxpayers. This includes 63 Unilateral APAs (UAPAs) and 32 Bilateral APAs (BAPAs). With this, the total number of APAs since inception of the APA programme has gone up to 516, comprising 420 UAPAs and 96 BAPAs....

Advance Pricing Agreement (APA) -Programme of India- Annual Report (2018-19)

Income Tax - The Advance Pricing Agreement (APA) programme in India was introduced more than seven years ago. It is currently in its 7th annual cycle of examination and processing of applications. The CBDT is very happy about the fact that this programme has been accepted well by taxpayers and tax consultants. We are very proud of the results generate...

CBDT inks the 300th Advance Pricing Agreement

Income Tax - The Central Board of Direct Taxes (CBDT) has signed the 300th Advance Pricing Agreement (APA) during the month of September, 2019. This is a significant landmark of India’s APA Programme, which is currently in its seventh year. Three APAs were entered into in September, 2019 (2 Unilateral and 1 Bilateral APA), which has taken the [&hell...

CBDT signs 18 Advance Pricing Agreement in March, 2019

Income Tax - CBDT has entered into 18 APAs in the month of March 2019, which includes 03 Bilateral APAs (BAPAs). With the signing of these APAs, the total number of APAs entered into by the CBDT in the year 2018-19 stands at 52...

Advance pricing agreement is applicable only to specified assessment years

DCIT Vs AGS Customer Services India P. Ltd. (ITAT Pune) - ITAT held that advance pricing agreement APA is applicable only for specified time span not exceeding five consecutive previous years u/s.92CC(4) r.w. sub section (9A) ...

ITAT allows to withdrawn appeal challenging TP Adjustment due to APA

Citizen Watches (India) Pvt. Ltd. Vs. ACIT (ITAT Bangalore) - In the instant case, ITAT allows the assessee to withdrawn the appeal filed for challenging the transfer pricing adjustment due to Advance pricing agreement filed u/s 92CC of the Income tax Act....

CBDT enters into 26APAs during current Financial Year

NA - (04/09/2019) - CBDT has entered into 26 APAs in the first 5 months of the current financial year (April to August, 2019). With the signing of these APAs, the total number of APAs entered into by the CBDT as of now stand at 297, which includes 32 BAPAs....

CBDT revises format of Form No. 3CED- Application for Advance Pricing Agreement

Notification No. 53/2017-Income Tax [S.O. 1927(E)] - (16/06/2017) - S.O. 1927(E). In exercise of the powers conferred by section 295 read with sub-section (9) of section 92CC of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely...

CBDT signs 11 more unilateral Advance Pricing Agreements

NA - (29/03/2016) - Central Board of Direct Taxes signed 11 unilateral APAs on 28th March, 2016. With this signing, India has entered into 59 bilateral and/or unilateral APAs. 50 of these agreements have been signed in the current financial year. The agreements cover a range of international transactions, including cor...

FAQs: Rollback Provisions of Advance Pricing Agreement Scheme

Circular No. 10/2015-Income Tax - (10/06/2015) - CIRCULAR NO. 10/2015 The Advance Pricing Agreement provisions were introduced in 2012 through insertion of sections 92CC and 92CD in the Income-tax Act, 1961 by the Finance Act, 2012. Subsequently, the Advance Pricing Agreement Scheme was notified vide S.O. 2005 (E), dated 30/8/2012, thereby inserti...

Rules & forms for rollback of Advance Pricing Agreement

Notification No. 23/2015 - Income Tax - (14/03/2015) - Notification No. 23/2015 - Income Tax In exercise of the powers conferred by sub-sections (9) and(9A) of section 92CC read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namel...

Recent Posts in "Advance Pricing Agreement"

Annual Report on APA Programme by CBDT: Highlights & Insights (2019-22)

Dive deep into Annual Report of APA Programme in India for years 2019-2022. Explore CBDT's efforts, accomplishments, and challenges in ensuring tax certainty....

Posted Under: Income Tax |

Advance Pricing agreement as a story

Explore the story of a multinational companys journey with Advance Pricing Agreements (APAs), ensuring compliance, transparency, and a harmonious tax relationship....

Posted Under: Income Tax |

CBDT Signs 95 Advance Pricing Agreements in FY 2022-23

CBDT has entered into a record 95 Advance Pricing Agreements (APAs) in FY 2022-23 with Indian taxpayers. This includes 63 Unilateral APAs (UAPAs) and 32 Bilateral APAs (BAPAs). With this, the total number of APAs since inception of the APA programme has gone up to 516, comprising 420 UAPAs and 96 BAPAs....

Posted Under: Income Tax |

Advance pricing agreement is applicable only to specified assessment years

DCIT Vs AGS Customer Services India P. Ltd. (ITAT Pune)

ITAT held that advance pricing agreement APA is applicable only for specified time span not exceeding five consecutive previous years u/s.92CC(4) r.w. sub section (9A) ...

51 FAQs on Advance Pricing Agreements (APAs) in India

Learn about the special features of Advance Pricing Agreements (APAs) in India, annual compliances, revision, cancellation, and more in this detailed guide...

Posted Under: Income Tax |

Advance pricing agreements – a fresh start in India?

In India, the underlying idea behind the scheme of APA is to make tax administration better and efficient by encouraging taxpayers to provide all the data essential for a comprehensive transfer pricing analysis and to motivate them towards engaging a mutual agreement....

Posted Under: Income Tax |

Reducing Transfer Pricing Litigation via Advance Pricing Agreements

The APA determines the transfer pricing methodology for pricing an enterprises’ future international transactions or certain specified domestic transactions....

Posted Under: Income Tax |

ITAT allows to withdrawn appeal challenging TP Adjustment due to APA

Citizen Watches (India) Pvt. Ltd. Vs. ACIT (ITAT Bangalore)

In the instant case, ITAT allows the assessee to withdrawn the appeal filed for challenging the transfer pricing adjustment due to Advance pricing agreement filed u/s 92CC of the Income tax Act....

How does Advance Pricing Agreement help dispute resolution?

The Advance Pricing Agreement program has been a key dispute prevention mechanism in the Indian direct taxes set-up. There are three kinds of Advance Pricing Agreements – unilateral, bilateral and multilateral. Credibility of a tax administration depends to a large extent upon the efficacy of its dispute resolution mechanism. Advance Pr...

Posted Under: Income Tax |

Is there a need to renegotiate APAs in light of the COVID outbreak?

Over the last few months, we have witnessed the profound impact of the COVID-19 outbreak on our day to day lives. The outbreak has led to imposition of lockdown across the globe which in turn restricted global economic activity. Economies and markets have been hit hard by the outbreak which resulted in businesses making desperate [&hellip...

Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (6,864)
Company Law (10,058)
Corporate Law (13,517)
Custom Duty (10,814)
DGFT (5,155)
Excise Duty (5,616)
Fema / RBI (5,763)
Finance (6,484)
Income Tax (49,797)
SEBI (5,330)
Service Tax (4,889)