India signs its first 5 APAs in record time

Tax Insights ()
The first five Indian Advance Pricing Agreements (APA) under its new program have been signed within one year of the applications being made.

The professional and open approach of the APA authorities with the guidance of the Finance Ministry, Central Board of Direct Taxes (CBDT) and Competent Authority have been enablers in this early success of the Government's APA program.