CBDT has signed 11 unilateral APAs

Q.  India has signed how many bilateral or unilateral APAs?
- Published on 30 Mar 16

a. 57
b. 58
c. 59
d. 60

ANSWER: 59
 
This brings the total number of APAs India has entered to 59. Advance Pricing Agreement programme was introduced by Finance Act 2012 for providing predictable and non adversarial tax regime. The aim is also to reduce litigation in the Indian transfer pricing regime.

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