The Advance Pricing Agreement (APA) shall be valid for a period as specified in the Advance Pricing Agreement. However this period will not be more than ______.

CS Executive · Tax Laws and Practice · PYQS · December 2020
The Advance Pricing Agreement (APA) shall be valid for a period as specified in the Advance Pricing Agreement. However this period will not be more than ______.
(A) Six consecutive previous years
(B) Five consecutive previous years
(C) Four consecutive previous years
(D) Three consecutive previous years

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Transfer Pricing

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic