CIRCULAR No. 26/2017

                                  F. No. 370142/25/2017-TPL
                                   Government of India
                                    Ministry of Finance
                                  Department of Revenue
                                Central Board of Direct Taxes
                                        TPL Division
                                            ****
                                                        New Delhi, Dated 25th October, 2017
               Order under section 119 of the Income-tax Act, 1961 (`the Act')

      In keeping with India's commitment to implement the recommendations of 2015 Final
Report on Action 13, titled "Transfer Pricing Documentation and Country-by-Country Reporting",
identified under the OECD Base Erosion and Profit Shifting (BEPS) Project, section 286 of the
Income-tax Act, 1961 (`the Act') was inserted vide Finance Act, 2016, providing for furnishing
of a Country-by-Country report (CbCR) in respect of an international group by its constituent
or parent entity. Under sub-section (2) of section 286 of the Act, the `due date' for furnishing
the Country-by-Country Report is the date specified under section 139(1) for furnishing the
return of income for the relevant accounting year.






     FY 2016-17 will be the first reporting year for furnishing of CbCR. The rules for
furnishing of CbCR are also still under consideration.
      On consideration of the matter, the Central Board of Direct Taxes, in exercise of its
powers conferred under section 119 of the Act, in respect of all assessees covered under sub-
section (2) of section 286 of the Act, hereby extends the `due date' prescribed therein for
furnishing of report in respect of international group for reporting accounting year 2016-17 to
31st March, 2018.


                                                                        (Sanyam Suresh Joshi)
                                                                           DCIT (OSD) (TPL)-I
Copy to:
             1. PS to FM/OSD to FM/PS to MoS(F)/OSD to MoS(F)
             2. PS to Secretary (Revenue)
             3. Chairman, CBDT
             4. All Members, CBDT
             5. All Pr. DGsIT/Pr. CCsIT
             6. All Joint Secretaries/CsIT, CBDT
             7. Directors/Deputy Secretaries/Under Secretaries of CBDT
             8. DIT (RSP&PR)/Systems, New Delhi
             9. The C&AG of India (30 copies)
             10. The JS & Legal Adviser, Ministry of Law & Justice, New Delhi
             11. The Institute of Chartered Accountants of India
             12. All Chambers of Commerce
             13. CIT (M&TP), Official Spokesperson of CBDT
             14. O/o Pr. DGIT (Systems) for uploading on official website
             15. JCIT (Database Cell) for uploading on departmental website