Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: empanelment :: VAT Audit :: cpt :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company
 
 
Direct Tax »
 To avoid extra TDS, give tax-saving proofs
 TDS on Rent under section 194I of Income Tax Act
 New direct taxes code aims for lower rates, wider base
 Towards a new direct tax system
 Central Board of Direct Taxes (CBDT) signs two Indian Advance Pricing Agreements (APAs) in November, 2017
 CBDT asks I-T to slap higher tax rate on fraudulently revised ITRs
 CBDT to accept transfer pricing MAP sans riders
 CBDT relaxes norms for MAP & APAs
 CBDT directs I-T Dept to closely examine all revised ITRs filed after demonetisation
 Non-resident investors get tax relief from indirect transfer rules
 Can the TDS liability under GST be fixed with retrospective effect?

CBDT has signed the first batch of five unilateral Advance Pricing Agreements (APA) (235 KB) PDF FileOpens in a new window
April, 01st 2014
                                 PRESS INFORMATION BUREAU
                                   GOVERNMENT OF INDIA
                                           ******
  CBDT SIGNS THE FIRST BATCH OF FIVE (5) UNILATERAL ADVANCE PRICING
    AGREEMENTS (APA); AGREEMENTS COVER A PERIOD OF FIVE (5) YEARS
 FROM AY 2014-15 TO AY 2018-19 AND SPECIFY THE ARM'S LENGTH PRICE FOR
    THE COVERED INTERNATIONAL TRANSACTIONS ENTERED INTO BY THE
                                         TAXPAYERS
                                                                    New Delhi, March 31, 2014
                                                                                Chaitra 10, 1935
The Central Board of Direct Taxes (CBDT) has signed the first batch of five (5) unilateral
Advance Pricing Agreements (APA) here today. The agreements cover a period of five (5) years
from AY 2014-15 to AY 2018-19 and specify the arm's length price for the covered international
transactions entered into by the taxpayers. These agreements cover a range of international
transactions, including interest payments, corporate guarantees, non -binding investment
advisory services and contract manufacturing. The agreements pertain to different industrial
sectors including pharmaceuticals, telecom, exploration and financial services.




The agreements provide a complete certainty to the taxpayers for five (5) years with regard to
the covered international transactions. The APA programme came into effect on 1st July 2012
and the first batch of 146 APA applications was received in March 2013. The CBDT has been
able to conclude the first set of agreements within a period of one (1) year as against the
internationally accepted norm of at least 2 years.

The whole scheme of APA has been designed with the intention of creating a taxpayer friendly
environment in transfer pricing matters and to minimise the transfer pricing disputes. Before
filing the APA applications, taxpayers are given the opportunity to share their expectations from
the APA process during the pre-filing consultations and the APA team shares a broader
understanding of the forthcoming APA procedure.




Having received an APA application, the APA team works towards establishing the appropriate
economic analysis of the covered international transactions which also involves a site visit i.e.
physical verification of the business of the applicant with regard to the said transactions. It is
this detailed fact finding exercise which lends credibility to the determination of arm's length
price under the APA. The APA team furnishes a report incorporating functions, assets and risk
(FAR) analysis which is further examined at length by the CBDT before its submission for the
final approval of the Central Government.

                                             *****

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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