CBDT amends Rule 10DA (Requirements in relation to Master File) and Rule 10DB (Procedure and details relating to CbCR) [Read Notification]

CBDT AMENDS RULE 10DA AND RULE 10DB

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.

 

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