CBDT has signed bilateral APAs with UK based companies
Q. CBDT has signed APAs with two UK based companies. What are APAs?- Published on 02 Feb 16a. Advance Pricing Agreements
b. Advanced Pricing Agreements
c. Acknowledged Pricing Agreements
d. None of the above
ANSWER: Advance Pricing Agreements
CBDT has signed APA with two UK based firms. Two APAs address the issue pf payment of management, service charges and payment of royalty. Transactions are generally prolonged and multi-layered transfer pricing.