Taxsutra – Indian IRS Board introduces changes in Master File and country-by- country reporting rules effective 1 April 2021

April 20, 2021 5 minute read

The Indian IRS Board (Central Board of Direct Taxes or CBDT) has introduced the Indian Income-tax (9th Amendment) Rules, 2021 effective from 1 April 2021. 




It has also amended Rules 10DA and 10DB of the Indian Income-tax Rules dealing with Master File and country- by-country reporting (CbCr) for specified transactions of constituent entities of an international group. It has raised the consolidated group revenue threshold to determine reporting eligibility from INR 5,500 crores to INR 6,400 crores.