Renewing an Advance Pricing Agreement [ Rule 10S ] - International Taxation - Income Tax

Renewing an Advance Pricing Agreement [ Rule 10S ] A new application has to be filed by the taxpayer after the expiry of the APA term with the DGIT (Intl. Taxation) and the competent authority in India as the case may be. The renewal request Will follow the same forms and procedures as in initial APA request except that pre- filing consultation is not required. The renewal application would be treated as a fresh application and procedure and fee would apply accordingly. The renewal request may be filed well in advance before the expiration of the terms of the existing APA.