Central Board of Direct Taxes
Central Board of Direct Taxes

CBDT achieves milestone by signing its 200th UAPA in April

ANI | Updated: May 03, 2018 21:20 IST

New Delhi [India] May 3 (ANI): The Central Board of Direct Taxes (CBDT) has achieved another milestone by signing its 200th Unilateral Advance Pricing Agreement (APA">UAPA) in April, 2018.

Surabhi Ahluwalia, CBDT Spokesperson, said, "With the signing of this Agreement, the CBDT has achieved another milestone of having signed its 200th APA">UAPA. The total number of APAs entered into by CBDT has gone up to 220, which, inter alia include 20 Bilateral APAs. The APA">UAPA signed in this month also happens to be the first APA in the current financial year."

Ahluwalia added that the APA">UAPA entered into during April, 2018 pertains to the provision of sourcing support services.

The progress of the APA scheme strengthens the Government's resolve of fostering a non-adversarial tax regime. The Indian APA programme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner. (ANI)