The Central Board of Direct Tax authorities announced that the deadline for filing APA (Advance Pricing Agreement) rollback applications has been extended to 30 June 2015. Originally, the date for filing rollback applications was 31 March 2015—that is, for all APAs filed or agreed to before 1 January 2015 or to be filed by 31 March 2015.
Therefore,taxpayers that have filed for an APA before 31 March 2015 now have additional time to evaluate their options for rollbacks.
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