Income Tax Department designates Income tax Authority before whom particulars of parent entity and alternate reporting entity to file Country-by- Country Report would be notified

Income Tax Department designates Income tax Authority before whom particulars of parent entity and alternate reporting entity to file Country-by- Country Report would be notified https://www.taxtmi.com/news?id=22667 Multinational enterprises with a constituent entity resident in India must notify the Income-tax Department of their parent and alternate reporting entities and the jurisdictions of residence; the notified parent or alternate reporting entity must furnish a Country-by-Country Report with aggregate jurisdictional financial and operational data and constituent-entity details. Amendments to the Income-tax Rules designate a specific income-tax authority within the risk-assessment function to receive such notifications and oversee CbC reporting compliance, and the designation has been published on the official website. en-us Thu, 19 Mar 2020 18:45:18 +0530 Thu, 19 Mar 2020 18:45:18 +0530 TaxTMI RSS Generator Income Tax Department designates Income tax Authority before whom particulars of parent entity and alternate reporting entity to file Country-by- Country Report would be notified https://www.taxtmi.com/news?id=22667 Multinational enterprises with a constituent entity resident in India must notify the Income-tax Department of their parent and alternate reporting entities and the jurisdictions of residence; the notified parent or alternate reporting entity must furnish a Country-by-Country Report with aggregate jurisdictional financial and operational data and constituent-entity details. Amendments to the Income-tax Rules designate a specific income-tax authority within the risk-assessment function to receive such notifications and oversee CbC reporting compliance, and the designation has been published on the official website. News - Thu, 19 Mar 2020 18:45:18 +0530 https://www.taxtmi.com/news?id=22667