The Central Board of Direct Taxes CBDT entered into a Bilateral Advance Pricing Agreement BAPA with ...........

Economic Affairs Foreign Trade - Trends and Policy

The Central Board of Direct Taxes (CBDT) entered into a Bilateral Advance Pricing Agreement (BAPA) with Indian subsidiary of a Japanese trading company. What does Advance Pricing Agreement means?

It is an agreement between tax authorities of two or more countries

It is an agreement between corporate entities of two different countries

It is an agreement between corporate entities of one country

It is an agreement between a taxpayer and a tax authority

छोटे Courses बड़े Results

Master Foreign Trade - Trends and Policy

Prepare through Micro-courses

Try Now

Explanation:

An advance pricing agreement (APA) is an ahead-of-time agreement between a taxpayer and a tax authority on an appropriate transfer pricing methodology (TPM) for a set of transactions at issue over a fixed period of time