CBDT signs record number of 125 Advance Pricing Agreements in FY24

CBDT signs record number of 125 Advance Pricing Agreements in FY24

The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24.

This includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs), the finance ministry said in a statement on Tuesday.

This marks the highest ever APA signings in any financial year since the launch of the APA programme, it said.