CBDT signs 62 Advance Pricing Agreements in the FY 2021-22
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- Last Updated on 2 April, 2022
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Press Release, dated 31-03-2022
The Central Board of Direct Taxes (CBDT) has entered into 62 Advance Pricing Agreements (APA) in FY 2021-22 with Indian taxpayers. This includes 13 Bilateral APAs (consequent to Mutual Agreement between India and its treaty partners) and 49 Unilateral APAs. With this, the total number of APAs since the inception of the APA program has gone up to 421.
Despite severe economic and social disruption caused by the COVID-19 pandemic in first part of the financial year, the number of APAs signed compares very well with the APAs signed in the preceding two years (31 APAs in FY 2020-21 and 57 APAs in FY 2019-20).
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