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    1. Background 

    In keeping with India’s commitment to implement the recommendations of Action Plan 13 of Base Erosion and Profit Shifting (BEPS), the Finance Act, 2016 introduced Section 286 of Income-tax Act, 1961 (the Act) providing for furnishing of Country-by-Country Report (CbCR) in respect of an International Group. 

    Section 92D of the Act which contained provisions for preparing TP documentation was also amended to provide for keeping and maintaining of Master File. 

    In continuation with the amendment, the Central Board of Direct Taxes (CBDT) on 6 October 2017, released the draft rules and forms in relation to manner of preparation and furnishing of Master File and CbCR. It is commendable, on part of CBDT, to consistently follow an inclusive approach and seeking public comments when introducing a new and important regulation. 

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    SBS DIGEST E Journal Feb 2018

    Key Topics Covered:

    • AUDIT
    • DT & MSME
    • GST

    Updates

    • FEMA
    • COMPANIES ACT, 2013

    This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

    SBS WIKI E Journal FEB 2018

    Key Topics Covered:

    • INCOME TAX
    • COMPANIES ACT, 2013
    • GST
    • AUDIT

    This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

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    HIGHLIGHT’S OF DIRECT TAX PROPOSALS IN UNION BUDGET 2018-19

    RATES OF INCOME TAX
    Tax Rates
    Additional benefit -Salaried employees
    Profits and gains of Business or Profession
    Capital Gains, etc

    This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

    Tags:
    HIGHLIGHT’S OF DIRECT TAX PROPOSALS UNION BUDGET 2018-19

    RATES OF INCOME TAX
    Tax Rates
    Additional benefit -Salaried employees
    Profits and gains of Business or Profession
    Capital Gains, etc

    This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

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