The Central Board of Direct Taxes has signed a taxation rate agreement with BNP Paribas India Solutions, the local arm of the European bank, as part of efforts to reduce disputes with foreign companies over tax-related issues. BNP Paribas Solutions is the first company in the information technology and information technology-enabled services sector to sign an APA. Industry officials said eight more such agreements could be signed by IT/ITeS companies by August end.
Source - http://economictimes.indiatimes.com
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