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The prolonged wait is finally over. Nearly 18 months after legislating the adoption of country-by-country reporting (CbCR) for multinationals, the CBDT has come up with draft rules in this regard, seeking to usher in a rigorous regime of compliance and disclosure for MNCs operating in India.

Amit Agarwal, Partner shares his views on aforementioned story for Hindu Business Line- Front page/First story.

Taxman Tightens Reporting - Amit Agarwal