SF Prep Notes

CBDT signs record 219 Advance Pricing Agreements in FY 2025-26; total crosses 1,000

The CBDT signed a record 219 Advance Pricing Agreements (APAs) in FY 2025-26, taking the total since the programme began to 1,034.

Summary

The Central Board of Direct Taxes (CBDT) signed a record 219 Advance Pricing Agreements in FY 2025-26, taking the total since inception past 1,000 to 1,034 (750 unilateral and 284 bilateral). It also signed 84 bilateral APAs, the highest in a year, beating last year's 65. India signed its first-ever bilateral APAs with France, Ireland, Indonesia and Sweden.

Key facts

APAs in FY 2025-26
219 (record)
Total since inception
1,034 = 750 UAPAs + 284 BAPAs
Bilateral APAs in FY 2025-26
84 (record; 65 in FY 2024-25)
Previous years
174 in FY 2024-25; 125 the year before
First-ever BAPAs with
France, Ireland, Indonesia and Sweden

Practice MCQs 3 questions

Q1

How many Advance Pricing Agreements (APAs) did the CBDT sign in FY 2025-26?

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Correct answer: C — 219

The CBDT entered into a record 219 APAs in FY 2025-26 (174 in the previous year and 125 the year before).

Q2 Advanced

With which of the following countries did India sign its first-ever bilateral APA in FY 2025-26?

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Correct answer: D — Sweden

FY 2025-26 saw India's first-ever bilateral APAs with France, Ireland, Indonesia and Sweden.

Q3 Advanced

Consider the following statements about India's APA programme (as of March 2026): 1. The total number of APAs since inception is 1,034. 2. Bilateral APAs outnumber unilateral APAs in the total. Which of the above is/are correct?

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Correct answer: A — 1 only

The total is 1,034 APAs, comprising 750 unilateral and 284 bilateral APAs, so unilateral APAs are more.

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