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Accounting Services (TAX)
In 2017, & in line with OECD’s Base Erosion & Profit Shifting (BEPS) Action Plan 13, India announced rules for filing various details with the income tax department. These include,
- Maintaining and filing the Master File (MF), and
- Furnishing the Country by Country Report (CbCR)
The information submitted provides the Indian tax office visibility to the revenue earned, taxes paid and assets owned by the multi-national group the company belongs to. This will also help the tax authorities assess risk of tax exposures arising from international transactions. |
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