Q: What are the dues dates for CbCR filing in light of the recent Finance Act amendments?


Kunj Vaidya (Partner and Leader, Transfer Pricing, PwC India)

Filing entity

Existing timeline

Proposed timeline

Indian Parent or Alternate Reporting Entity (“ARE”) notified in India

On or before the due date specified under section 139(1), i.e., September 30 or November 30. [For reporting accounting year 2016-17, due date is March 31, 2018]

12 months from the end of the reporting accounting year, i.e., March 31.

Filing by Indian constituent entity, if parent entity is not obligated to file CbCR in its jurisdiction

NA

to be prescribed by the CBDT

ARE outside India notified by non-resident Parent Company

On or before the due date specified under section 139(1), i.e., September 30 or November 30.

Due date as per ARE’s jurisdiction

The above amendments are clarificatory in nature and effective from FY 2016-17.

The above responses to the questions has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication. PricewaterhouseCoopers Private Ltd, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences faced by anyone who have chosen to rely on the information contained in this publication or for any decision based on it. 

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