Central Board Of Direct Taxes notifies rules in respect of Country-by-Country reporting & furnishing of Master File,
CBDT had invite Comments & suggestions on proposal to insert rules 10DA/10DB& Form nos.3CEBA to 3CEBE in the Income-tax Rules,1962.
After consideration of the Committee’s recommendations & comments/ suggestions received from stakeholders/general public, CBDT notified the Rules.
This being 1st reporting yr, due date for filing Country-by-Country report for reportable accounting yr 2016-17 already extended to 31.03.2018
Date of compliance for furnishing the Master File for FY 2016-17 has been extended to 31st of March, 2018 as a one-time relief measure.
Some salient features of the Country-By-Country Report and Master File rules are;
Official Notification
Press-Release-Country-by-Country-reporting-and-furnishing-of-Master-File-