Maintenance of transaction documentation requires prescribed records and furnishing to tax authorities on demand within prescribed timelines. Persons who enter into international transactions or specified domestic transactions, and constituent entities of international groups, must keep and ... Summary
Maintenance of transaction documentation requires prescribed records and furnishing to tax authorities on demand within prescribed timelines.
Persons who enter into international transactions or specified domestic transactions, and constituent entities of international groups, must keep and maintain prescribed information and documents with retention periods prescribed by the Board. Tax authorities may require furnishing of those documents within thirty days of notice, subject to one extension, and constituent entities must furnish group-level information to the prescribed authority in the prescribed manner and by prescribed dates.
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