As per transfer pricing provisions, an advance pricing agreement (APA) is valid for

CS Executive · Tax Laws and Practice · PYQS · June 2015
As per transfer pricing provisions, an advance pricing agreement (APA) is valid for
(A) Such period as specified in the APA, but not exceeding 3 consecutive years
(B) Such period as specified in the APA, but not exceeding 5 consecutive years
(C) 2 Years
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax

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