Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Compliance eased for US companies operating in India, says CBDT

BS Reporter/ 16 Mar 19 | 03:01 AM

Companies headquartered in the US but having operations and taxability in India now need not file country-by-country (CbC) reports in India, according to a pact signed between India’s tax department and the US authorities. 


In a press release, the Central Board of Direct Taxes (CBDT) has clarified that for such international companies, filing CbC reports in the US would be sufficient. 

Related Stories

    No Related Stories Found
Widgets Magazine


These would then be shared with the Indian tax authority, the CBDT, under an information-sharing agreement which will be signed between the countries before the end of the fiscal year. This will reduce the compliance burden on firms. The deadline for furnishing the CbC report was earlier extended.


Widgets Magazine

Sensex

Company Price Gain (%)
IndusInd Bank1,596.855.23
Coal India244.051.56
Yes Bank139.801.53
Hero Motocorp2,739.651.51
Power Grid Corpn184.451.29

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine