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    <title>CBDT issues clarification regarding requirement for furnishing of Country-by Country report under section 286(4) of IT Act, 1961</title>
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    <description>Clarification that the extended due date applied only to section 286(2) filings by the ultimate parent; section 286(4) - obliging a constituent entity in India to file where the parent&#039;s jurisdiction lacks an exchange agreement or has a systemic failure - is not subject to that extension, and its due date will be prescribed after enactment of the Finance Bill, 2018.</description>
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      <description>Clarification that the extended due date applied only to section 286(2) filings by the ultimate parent; section 286(4) - obliging a constituent entity in India to file where the parent&#039;s jurisdiction lacks an exchange agreement or has a systemic failure - is not subject to that extension, and its due date will be prescribed after enactment of the Finance Bill, 2018.</description>
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