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After nearly a decade of introducing transfer pricing (TP) regulations, the Government has proposed several changes/additions.
The recent Budget proposed is welcome for the proposed introduction of the Advance Pricing Agreement programme on the one hand. On the other hand, it contains several riddles to be solved by taxpayers. We discuss some of the significant changes proposed by the Finance Bill, 2012 (FB 2012).
Taking the Indian TP regime to the next stage of its evolution is the proposed introduction of the much-awaited Advance Pricing Agreements (APA).
As we wait for further clarity on whether it would cover both bilateral …