Updates

CBDT amends Rule 10DA (Requirements in relation to Master File) and Rule 10DB (Procedure and details relating to CbCR) w.e.f. April 1, 2021 vide Notification No 31/2021/F No. 370142/19/2019-TPL

1. Amends Rules 10DA and 10DB of the Income-tax Rules dealing with Master file and CbCR reporting for specified transactions of constituent entities of an international group;

2. Increases consolidated group revenue threshold to determine reporting eligibility from INR 5,500 crores to INR 6,400 crores.