Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ultimate-addons-for-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114
CBDT has signed a bilateral Advance Pricing Agreement (APA) with a Japanese Company - All About Finance

CBDT has signed a bilateral Advance Pricing Agreement (APA) with a Japanese Company

by

Government of India

Ministry of Finance

 Department of Revenue

Central Board of Direct Taxes

 PRESS RELEASE

 19th December, 2014

 

SIGNING
OF FIRST BILATERAL APA BY CBDT

 

 

On 19.12.2014, Central Board of Direct Taxes has
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. The
APA has been finalized in a period of about one and a half years, which is
shorter than time normally taken in finalizing APAs internationally.

 

The APA scheme has been introduced to bring about
certainty and uniformity in transfer pricing matters of multi-national
companies and reducing litigation. APAs will improve investment climate in the
country. In the context of growing economic ties between Japan and India,
especially after Hon’ble Prime Minister’s visit to Japan, this APA is expected
to generate positive sentiments among Japanese investors in India.

 

 

(Rekha Shukla)

 

Commissioner of Income Tax

 

(Media & Technical Policy)

 

Official Spokesperson, CBDT

 

Related posts:

  1. No TDS on service tax component – CBDT circular
  2. Meaning of “Substantially financed by the Government” for the purposes of clause (23C) of section 10 – CBDT Notification
  3. The List of important decisions taken by CBDT in last three months
Taxclick Team
This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

Leave a Comment