The Central Board of Direct Taxes (CBDT) has reported a landmark year for India’s Advance Pricing Agreement (APA) Programme in FY 2024-25, with 174 APAs signed — the highest in its history. These include 109 Unilateral and 65 Bilateral/Multi-lateral APAs, covering 970 assessment years and ensuring tax certainty worth over ₹35,000 crore. Since inception in 2012, India has signed 815 APAs, making it one of the world’s leading jurisdictions in this space. The year also saw a record number of BAPAs, reflecting India’s deepening collaboration with treaty partners like the U.S., Japan, Singapore, and the U.K. The report highlights that over 4,400 assessment years have gained certainty, significantly easing transfer pricing disputes. CBDT emphasized plans to streamline procedures and further enhance efficiency, reinforcing India’s commitment to a non-adversarial, investor-friendly tax regime.
The Advance Pricing Agreement (APA) Programme of India Annual Report (2024-25) can be accessed at: https://incometaxindia.gov.in/news/apa-report-2024-2025.pdf
