India and the UK have signed three Bilateral Advance Pricing Agreements APAs in order to have a smoo...........

Logical Resoning (CGL) Statement - Arguments

India and the UK have signed three Bilateral Advance Pricing Agreements (APAs) in order to have a smooth tax regime between the two and reduce litigation arising out of transfer pricing issues.

Which of the following will be an immediate effect of the Advance Pricing Agreements (APAs) ?

To have a smooth tax regime between the two countries

To reduce litigation arising out of transfer pricing issues.

Both 1 and 2

Neither 1 or 2

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Explanation:

India and the UK have signed three Bilateral Advance Pricing Agreements (APAs) in order to have a smooth tax regime between the two and reduce litigation arising out of transfer pricing issues.

Hence, option 3 is the correct answer.