India: First CbC report extended to 31 March 2018 | KPMG Global
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India: Country-by-country report due date extended to 31 March 2018

India: CbC report extended to 31 March 2018

In India, Finance Act, 2016 added section 286 of the Income-tax Act, 1961 and includes rules for certain multinational corporate groups filing a country-by-country (CbC) report. A provision of section 286 provides that the due date for filing the CbC report is to be tied to the “due date” for filing the income tax return for the relevant accounting year—that is, a due date of 30 November.


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Financial year (FY) 2016-17 will be the first reporting year for filing a CbC report. The Central Board of Direct Taxes, being aware of potential hardships encountered by taxpayers in preparing their first CbC report, issued a circular on 25 October 2017 that extends the due date for filing the first CbC report to 31 March 2018.


Read an October 2017 report [PDF 475 KB] prepared by the KPMG member firm in India

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