Transfer Pricing Current Affairs, GK & News
Government receives Rs. 3,000 crore from MNCs that have entered into APAs
Union Government has received Rs. 3,000 crore of additional tax from MNCs that have entered into advance pricing agreements (APAs) with it over last five years and also has eliminatedbig source of tax litigation. It was revealed in recently released annual report on advance pricing agreements (APAs) for FY18 by Central Board of Direct Taxes ..
Month: Current Affairs - September, 2018
Topics: Advance pricing agreement • Business • CBDT • Economy • Tax Terrorism • Taxation • Transfer Pricing
CBDT inks 200th Unilateral Advance Pricing Agreement
The Central Board of Direct Taxes (CBDT) has entered into 200th Unilateral Advance Pricing Agreement (UAPA) after it singed one in April 2018. With the signing of this, CBDT has achieved another milestone of having signed its 200th UAPA. The total number of APAs entered into by CBDT so far has gone up to 220, ..
Month: Current Affairs - May, 2018
Topics: Advance Pricing Agreements • Business • CBDT • Economy • National • Taxation • Transfer Pricing
Government inks 16 APAs in March 2018
The Central Board of Direct Taxes (CBDT) has entered into 14 Unilateral Advance Pricing Agreements (UAPA) and 2 Bilateral Advance Pricing Agreements (BAPA) in March 2018. The 2 bilateral APAs were entered into with US . With the signing of these Agreements, CBDT has entered total 219 APAs. This includes 199 Unilateral APAs and 20 ..
Month: Current Affairs - April, 2018
Topics: Advance Pricing Agreements • Apas • Arm’s length price • Business • CBDT • Economy • Non-adversarial Tax Regime • Taxation • Transfer Pricing
CBDT signs 2 more APAs with taxpayers
The Central Board of Direct Taxes (CBDT) has signed two more advance pricing agreements (APAs) in September 2017 with Indian taxpayers in order to reduce litigation by providing certainty in transfer pricing. The two signed APAs pertain to automobile and healthcare consulting sectors. They include provision of IT enabled services (ITES), provision of software development ..
Month: Current Affairs - October, 2017
Topics: Advance Pricing Agreements • CBDT • National • Taxation • Transfer Pricing
CBDT inks 9 Advance Pricing Agreements
The Central Board of Direct Taxes (CBDT) has entered into 9 Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in July, 2017. With this, total number of APAs signed till date stands at 171 (Bilateral-12 and Unilateral-159). The nine APAs signed pertain to diverse sectors of the economy including Oil & Gas exploration, education, banking, ..
Month: Current Affairs - July, 2017
Topics: Advance Pricing Agreements • CBDT • National • Taxation • Transfer Pricing
Policy Measures on Transfer Pricing
Transfer pricing is one of the methods of tax avoidance. It refers to allocating expenses to high tax countries and profits to low tax countries to reduce tax liability. This is generally done within the associated companies. Transfer pricing is illegal and hurts the economy. Concept Take an example here. In 2009-10, TCS had shown ..
Topics: Taxation in India • Transfer Pricing