CBDT signs four more APAs with taxpayers in August

The Central Board of Direct Taxes (CBDT) signed four more advance pricing agreements (APAs) in August with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing. The four APAs entered into during August, 2017 pertain to various sectors of the economy like telecom, banking, manufacturing and education, an official statement said on Monday. “Out of these four agreements, three are unilateral and one is a bilateral,” it said.