Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Transfer Pricing »
Open DEMAT Account in 24 hrs
 PCIT rightly directed the Bank of India s case to Transfer Pricing Officer for determining ALP ITAT
 Key Highlights Of The 2nd Edition Of KSA Transfer Pricing Guidelines
 ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence
 Change in transfer pricing regulations to help MNCs
 National High Speed Rail Corporation Limited, New Delhi, Delhi
 Deals of the day-Mergers and acquisitions September 3, 2019
 Transfer pricing documentation due by year-end
 Transfer pricing amendments – a step towards certainty
 key international tax and transfer pricing developments
 Transfer pricing methodology of MNCs under customs department lens
 MNCs now won't have to file CbC report in Indiaa
 Citing Supreme Court’s Vodafone order, Bombay HC rejects transfer pricing adjustment
 General Insurance Corporation Of India, Mumbai, Maharashtra
 
 

MNCs now won't have to file CbC report in Indiaa
March, 18th 2019

Indian arms of US MNCs will not have to file country by country or CbC report here. India has finalized bilateral competent authority arrangement for exchange of CbC reports with US.

These companies would have had to file these here with Indian revenue authorities by March 31, 2019 in absence of such an agreement.

They will now need to merely intimate them of such CbC reports having been filed by their respective parent entities in the USA.

“This would enable both the countries to exchange CbC Reports filed by the ultimate parent entities of International Groups in the respective jurisdictions, pertaining to the financial years commencing on or after 1st January, 2016”, a Central Board of Direct Taxes statement said on Friday.

“This development is clearly in line with the government’s initiative of ease of doing business and reducing the overall compliance burden in India,” said Nitin Narang, Partner- Transfer Pricing, Nangia Advisors (Andersen Global).

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting