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ARTICLE · 08 APRIL 2021

CBDT Relaxes Master File And Country By Country Reporting (CbCR) Rules

The Central Board of Direct Taxes (CBDT), vide notification on 5 April 2021, issued amendments to the Indian Income-tax Rules, 1962 (the Rules), namely Income-tax (9th Amendment) Rules, 2021.

IndiaTax

The Central Board of Direct Taxes (CBDT), vide notification on 5 April 2021, issued amendments to the Indian Income-tax Rules, 1962 (the Rules), namely Income-tax (9th Amendment) Rules, 2021. These amendments are applicable for Financial Year ending 31 March 2021 relevant to Assessment Year 2021-22.

We have captured these significant amendments made in Rule 10DA and Rule 10DB in the below table:

Rules Amendment - applicable on or after 1 April 2021
Rule 10DA(4) - Where there are more than oneconstituent entities resident in India of an international group, the Form No. 3CEAA may be furnished by any one constituent entity
  • Replaces the words "constituent entities resident in India of an international group" to "constituent entities of an international group required to file the information and document under sub-rule (2)."

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