The Central Board of Direct Taxes (CBDT) has signed a record number of 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24.

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The Central Board of Direct Taxes (CBDT) has signed a record number of 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24. This includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). This marks the highest ever APA signings in any financial year since the launch of the APA programme. The number of APAs signed in 2023-24 also represents a 31 percent increase compared to the 95 APAs signed during the preceding financial year. With this, the total number of APAs since inception of the APA programme has gone up to 641, comprising 506 UAPAs and 135 BAPAs.


      Further, the taxpayer has the option to rollback the APA for four preceding years, as a result of which, tax certainty is provided for 9 years.

     

     

 

     


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