A method and apparatus are provided for signal transmission and reception in a Time Division Duplex (TDD) system. The method includes receiving, from a base station, first configuration information including an uplink reference Uplink-Downlink (UL-DL) configuration; receiving, from the base station, second configuration information including a downlink reference UL-DL configuration; receiving, from the base station, third configuration information including an equivalent UL-DL configuration based on the first configuration information and the second configuration information; and communicating signals with the base station based on the third configuration information.