India’s Central Board of Direct Taxes on 17 November 2016 announced that agreements have been reached to resolve more than 100 cases under the mutual agreement procedure (MAP) between India and the United States, and that there has been an agreement reached on the terms and conditions of the first bilateral advance pricing agreement (APA) involving India and United States.
These developments are a result of a “framework agreement” signed by India and United States in January 2015—an accord intended to resolve some 200 transfer pricing disputes between India and United States in the information technology (IT) services and IT-enabled services segments.
As reported in the November 2016 release:
Read a November 2016 report [PDF 348 KB] prepared by the KPMG member firm in India: India – USA competent authorities resolve more than 100 cases under MAP and agree on terms and conditions of first Indo-US Bilateral APA
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