Transfer Pricing News
CBDT gets highest number of APA requests from US
(02 May 2017, 11:24 Hours IST)
The Central Board of Direct Taxes (CBDT) has received maximum number of advance pricing agreement (APA) applications from the US in the last five years (201213 to 201617). The CBDT, the apex policymaking body of the income tax department, has so far received 42 application for IndiaUS bilateral APAs. In the initial years of the APA programme, the UK and Japan were leading the list because there was no bilateral APA programme available with the US, the CBDT said in the Annual Report (201617) on the APA programme.