Twitter from Income Tax Department on 23.03.2018 :-
CBDT issues clarification reg requirement for furnishing of Country-by-Country (CbC) reporting u/s 286(4) of the IT Act,1961.
It is clarified that due dt of 31st March,2018 applies for furnishing of CbC report for constituent entities of international groups u/s 286(2) only & not u/s 286(4) of IT Act,1961.
The time for furnishing of CbC report u/s 286(4) of IT Act will be prescribed after the enactment of Finance Bill 2018.