sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Direct Tax »
 Reward for income tax payers? See what CBDT chairman said
 Has direct tax compliance risen sharply?
 CBDT gets three new members
 Income Tax Returns (ITR) filing: Interest from PPF is tax exempt; but on NSC, it is taxable
 Gift of capital asset to spouse is not chargeable to tax
  Communication to the Central Excise/Service Tax Taxpayers on migration to GST
 Institutions will soon have to file I-T exemption application online: CBDT
 CBDT issues Advisory to file Returns by 31st October
  Income–tax (Dispute Resolution Panel) (First Amendment) Rules, 2018
 CBDT Notification 74/2018 Income Tax
 No Further Due Date Extension for Tax Audit, CBDT Confirms

Central Board of Direct Taxes signs first bilateral Advance Pricing Agreement
December, 20th 2014

Tax authority Central Board of Direct Taxes (CBDT) today signed a bilateral Advance Pricing Agreement (APA) with a Japanese company.

"This is India's first bilateral APA. The APA is for a period of five years," an official statement said.

APAs will improve investment climate in the country, it said, adding the APA has been finalised in a period of about one-and-a-half years, which is shorter than time normally taken in finalising APAs internationally.

The scheme has been introduced to bring about certainty and uniformity in transfer pricing matters of multi-national companies and reducing litigation.

In the context of growing economic ties between Japan and India, especially after Prime Minister's visit to Japan, this APA is expected to generate positive sentiments among Japanese investors in India.

Commenting on the first Bilateral APA between India and Japan, S P Singh, Senior Director, Deloitte Haskins & Sells said transfer pricing has become the most discussed tax topic over the last few years, not only among tax experts and policy makers, but also in corporate board rooms.

Transfer pricing authorities are often considered very aggressive and unappreciative of business and economic realities, he said.

In 2012 the government introduced mechanism of Advance Pricing Agreement (APA), he said, adding that to avoid protracted litigation, many multinational companies have decided to adopt the APA route.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions