The Central Board of Direct Taxes CBDT signed the 300th APA in September what does ldquo P rdquo sta...........

Economic and Social Issues Monetary and Fiscal Policy

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The Central Board of Direct Taxes (CBDT) signed the 300th APA in September, what does “P” stand for in APA?

Payment

Profit

Premium

Pricing

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Explanation:

The Central Board of Direct Taxes (CBDT) signed the 300th advance pricing agreement (APA) in September, 2019, with UK. The APA scheme provides tax certainty to multi-national enterprises and is in line with government's commitment towards fostering a non-adversarial tax regime.