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Commerce · Q56

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 56

Q56

As per transfer pricing provisions, an advance pricing agreement 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
Answer
C.
2 years
D.
none of the above

Answer: Option B

Solution

Answer: Option B
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