Union Government enters into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers

Posted on:01 Aug 2017 12:13:21
Union Government enters into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers
01 August 2017 Current Affairs: The Central Board of Direct Taxes (CBDT) entered into 9 Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers.

The taxpayer has the option to rollback the APA for four preceding years, it makes a total of nine years of tax certainty is provided.

The international transactions covered in these nine APAs include the provision of software development services provision of IT enabled services, provision of engineering design services, distribution, contract manufacturing.

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