CBDT Signs Bilateral APA With Japanese Firm

The Central Board of Direct Taxes has signed a bilateral Advance Pricing Agreement (APA) with the subsidiary of a Japanese company as it looks to reduce litigations by providing certainty in transfer pricing. The total number of bilateral APAs signed with various Japanese subsidiaries has thus reached five, all with rollback provisions, a Finance Ministry statement said. Four APAs … Continue reading CBDT Signs Bilateral APA With Japanese Firm

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Government To Use Info Collected Under Various Pacts To Identify Suspected Tax Dodgers.

The government is set to use the information collected under various international tax agreements to identify suspected tax dodgers and urge them to come clean through the ongoing black money scheme that expires on September 30. The income-tax department will soon write to such individuals that they have been identified on the basis of information … Continue reading Government To Use Info Collected Under Various Pacts To Identify Suspected Tax Dodgers.