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    <description>The memorandum explains that statutory amendments require furnishing of a Country-by-Country report by a group&#039;s constituent or parent entity and keeping of a Master File by each constituent entity, and that rules and specified forms will prescribe detailed guidelines. A draft notification inserting two rules and three forms in the Income-tax Rules has been published for public comment, with submissions to be made electronically to the designated departmental address within the consultation period.</description>
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