ENA Economy 2017-12-01 07:52:12 <p><strong>New Delhi, Dec 1 (KNN) </strong>The Central Board of Direct Taxes (CBDT) has signed 2 more Advance Pricing Agreements (APAs) in the month of November making the total number of APAs to 186, an official release from Ministry of Finance informed.</p> <p>These Agreements are the first ever Bilateral APAs with Netherlands. The newly signed APAs are in the electronics and technology sectors.</p> <p>The international transactions covered in these agreements include Distribution, Provision of Marketing Support Services, Provision of Business Support Services, etc.</p> <p>The APA provisions were introduced in 2012 under the Income-tax Act. This was followed by the Rollback provisions of 2014.</p> <p>The APA scheme aims to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance. <strong>(With PIB Inputs) (KNN/ DA)</strong></p> 18540 http://knnindia.co.in/news/newsdetails/economy/cbdt-inks-two-new-advance-pricing-agreements-in-electronics-technology 2017-12-01 07:52:12 knnindia.co.in