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Mar 16, 2019
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MNCs now won't have to file CbC report in India
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.
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