India is bolstering a tax program designed to reduce costly disputes with multinationals, after it came under criticism for being too burdensome. Advance pricing agreements (APAs) are ahead-of-time agreements between companies and tax authorities on pricing transactions between group entities. India introduced the system in 2012, in a bid to help stave off drawn-out lawsuits.
- Neha Malhotra, Executive Director with inputs from Radhika Arora contributed an article onUnaccounted cash in bank locker? Taxmen may knock at your door for Financial Express.