On 6 January 2020, India’s Central Board of Direct Taxes issued a notification amending the rules for maintenance and furnishing of information and document made by constituent entities of international groups. The amendments mainly clarifies the rules on furnishing the Master file (Form 3CEAA) and the CbC notification (Form No. 3CEAC) for foreign-parented groups which are contained in Rules 10 DB and 10 DA of the Income Tax Rules, respectively.
The amendments to the rules are effective from 1 April 2020.
