New Delhi, April 1 -- The Central Board of Direct Taxes (CBDT), the apex body of the Income Tax Department, entered into a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2024-25, according to an official statement released on Monday.

This marks the highest number of APAs signed in a single financial year since the programme was launched. Of the 174 APAs that were signed, 65 were Bilateral APAs (BAPAs), which is the highest number finalised in this category in any year so far.

These were a result of mutual agreements with India's treaty partners, including Australia, Japan, South Korea, the Netherlands, New Zealand, Singapore, the UK, and the US, the CBDT statement said. The total number of APAs since the incep...