The Central Board of Direct Taxes on 5th April, 2021 has issued the Income-tax (9th Amendment) Rules, 2021. They shall come into force on the 1st day of April, 2021.
Every constituent entity of an international group shall, if the parent entity is not resident in India, notify the Principal Director General of Income-tax (Systems) or the Director General of Income-tax (Systems):
(a) whether it is the alternate reporting entity of the international group; or
(b) the details of the parent entity or the alternate reporting entity, if any, of the international group, and the country or territory of which the said entities are resident.
