International group reporting framework prescribes forms, timelines, revenue threshold, and revision procedures for compliance under tax rules. Prescribes the procedural framework for furnishing reports in respect of an international group under section 511. The Joint Director, as designated by the Director General of Income-tax (Systems), is the income-tax authority, and notification under section 511(1) is to be made in Form No. 58 two months before the due date. Resident parent entities or alternate reporting entities must furnish the report in Form No. 59, while constituent entities must do so within the prescribed period, with a shorter period applying where systemic failure in the parent entity's country or territory has been intimated.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
International group reporting framework prescribes forms, timelines, revenue threshold, and revision procedures for compliance under tax rules.
Prescribes the procedural framework for furnishing reports in respect of an international group under section 511. The Joint Director, as designated by the Director General of Income-tax (Systems), is the income-tax authority, and notification under section 511(1) is to be made in Form No. 58 two months before the due date. Resident parent entities or alternate reporting entities must furnish the report in Form No. 59, while constituent entities must do so within the prescribed period, with a shorter period applying where systemic failure in the parent entity's country or territory has been intimated.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
