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India Consults on Modifications to Advance Rulings Forms for the Purpose of BEPS Action 5 Ruling Exchange

|Proposed Changes|India
India

The India Central Board of Direct Taxes has published a draft notification for consultation on the modification of forms for advance rulings to provide for the capture of information on immediate and ultimate parent companies at the application stage. The need for the modification is in relation to BEPS Action 5, which includes that advance rulings should be exchanged not only with the countries of residence of all related parties with whom a taxpayer enters into transactions but also with t…

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