Country-by-country (CbC) reporting in India was introduced under section 286 of India’s Income-tax Act, 1961, and is effective from financial year 2016-17.
The first round of CbC reports will have to be filed with the Indian tax authorities by 30 November 2017.
Against the background, the KPMG member firm in India has looked at guidelines developed by the OECD with respect to CbC reporting. In this discussion, certain terms are clarified and examples are provided. Read a July 2017 report [PDF 421 KB] prepared by the KPMG member firm in India
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