Share with your friends

India: Final rules on country-by-country reporting, Master file requirements

India: Final rules on country-by-country reporting

The Central Board of Direct Taxes on 31 October 2017 released final rules concerning country-by-country (CbC) reporting.


Related content

In addition to the final CbC rules, there are measures for implementing Master file requirements.

In general, these releases reflect India’s commitment to implement recommendations of Action 13 of the base erosion and profit shifting (BEPS) project. The Finance Act, 2016 introduced section 286 to the Income-tax Act, 1961 and requires the preparation and furnishing of a CbC report by certain international corporate groups. Section 92D of the tax law (that is, the provision concerning transfer pricing documentation) was amended to require Master file preparation.


Read a November 2017 report [PDF 444 KB] prepared by the KPMG member firm in India

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal