India Indian Advance Tender

The Central Board of Direct Taxes CBDT has entered into 18 APAs in the month of March 2019 which includes 03 Bilateral APAs BAPAs. With the signing of these APAs the total number of APAs entered into by the CBDT in the year 2018-19 stands at 52 which includes 11 BAPAs. The total number of APAs entered into by the CBDT as of now stands at 271 which inter alia includes 31 BAPAs.The BAPAs entered into during the month of March 2019 were with the following treaty partners-Australia 1Netherlands - 1USA 1The BAPAs and Unilateral APAs UAPAs entered into during the month of March 2019 pertain to various sectors and sub-sectors of the economy like anti-friction bearings risk management solutions platforms BPO ITITeS ATMs industrial and institutional cleaning and hygiene products etc. The International Transactions covered in all these Agreements inter alia include the following - contract manufacturingprovision of software development servicesback office engineering support serviceprovision of back office ITeS support servicesprovision of marketing support servicespayment of royalty for use of technology and brandtradingpayment of interestThe progress of the APA scheme strengthens the Governments 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.