The CBDT has recently entered in four more advance pricing agreement on 22nd and 23rd November, 2016. With this signing of agreement the total of APAs reached to 115 in number. This includes 7 Bilateral APAs and 108 unilateral APAs till date.
The recently signed four APAs pertains to various sectors of the economy like pharmaceuticals, Information technology and construction. The International transaction covered in these agreement include software developments services, IT enabled Services (BPOs), Engineering Design Services, Contract R&D Services and Marketing Support Services.
For more Information read below attached press release:-