India: APA rollback rules, pre-filing consultations

India: APA rollback rules, pre-filing consultations

Guidance implementing “rollback” rules under India’s advance pricing agreement (APA) program was issued in March 2015.

Related content

The Central Board of Direct Taxes issued Notification No. S.O. 758 (E) of 2015 (14 March 2015) to bring the APA rollback rules into effect, and the notification addresses applicability of and the requirements for the APA rollback measures.

Also, APA pre-filing consultations—previously, mandatory—are now optional. Accordingly, an applicant can directly file the APA application on Form No. 3CED without first having to file a request for a pre-filing consultation meeting.

Read a March 2015 report [PDF 404 KB] prepared by the KPMG member firm in India: Indian Advance Pricing Agreements – Rollback Rules Notified and Pre-Filing Consultation Made Optional

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.