Form explained: this guide covers what it means, who it applies to, the step-by-step process, documents required, fees, due dates and penalties in India — so you can stay compliant with confidence and avoid costly mistakes.
Form No. 59 is the Country-by-Country Report, a table of revenue, profit, tax, capital, employees and assets of a large international group, jurisdiction by jurisdiction. Form No. 58 is the intimation by an Indian entity whose parent is abroad, and Form No. 60 is the group's intimation of the entity designated to report. This guide explains the three as printed in the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026.
Under rule 124, Form No. 58 is made two months before the due date for the report under section 511(2); a parent or alternate reporting entity resident in India furnishes Form No. 59 for every reporting accounting year; a constituent entity reporting under section 511(4) has twelve months from the end of the reporting accounting year (six months from the end of the month of intimation of a systemic failure); and Form No. 60 conveys the designated constituent entity. Rule 124(7) prints the total consolidated group revenue as six thousand four hundred crore rupees.
The section and the rule
Section 511 of the Income-tax Act, 2025 requires an Indian constituent entity of a group with a foreign parent to notify the prescribed authority whether it is the alternate reporting entity, or the details of the parent or alternate reporting entity. A parent or alternate reporting entity resident in India furnishes the report within twelve months from the end of the reporting accounting year; another Indian constituent entity must do so where the parent's country does not require such a report, has no agreement with India for exchanging it, or has had a systemic failure. If there are several such entities, any one may file if the group designates it and informs the authority in writing. The report carries aggregate information by country or territory, details of each constituent entity and its main business. The section is explained in section 511 on the report in respect of an international group.
Rule 124 sets the authority and time limits: the income-tax authority is the Joint Director designated by the Director General of Income-tax (Systems) (sub-rule (1)); Form No. 58 two months before the due date for the report (sub-rule (2)); Form No. 59 for every reporting accounting year by a parent or alternate reporting entity (sub-rule (3)); twelve months, or six months where a systemic failure has been intimated (sub-rules (4) and (5)); Form No. 60 (sub-rule (6)); and any revision or correction of Form No. 59 by an intimation to the Director General of Income-tax (Systems) (sub-rule (9)). Where the group's consolidated revenue is in foreign currency, sub-rule (8) uses the telegraphic transfer buying rate on the last day of the accounting year preceding the accounting year. See rule 124 on the Country-by-Country Report.
If your group has an Indian entity, our tax planning advisory team can help you decide which entity reports and whether an intimation is due before the report.
Form No. 58: the intimation by a constituent entity
Form No. 58 is the intimation by a constituent entity resident in India of a group whose parent entity is not resident in India, for section 511(1).
| Part | Rows | What it asks |
|---|---|---|
| A: Particulars of the Constituent Entity | 1 to 5 | Name, address, PAN, email ID, contact number |
| B: Other Information | 6 | Name of the international group |
| B | 7 | Details of the parent entity: name, address, country of residence |
| B | 8 | Whether the group has designated an alternate reporting entity in place of the parent to furnish the section 511(2) report, and if so its name, address and country of residence |
| B | 9 | Reportable accounting year |
The corrigendum to the Rules (G.S.R. 286(E)) substitutes row 7 of Part B with "Details of the parent entity of the international group", with columns for name, address and country of residence, and the form is read in that way. The verification affirms that the information is true and correct as far as the signatory knows, that no relevant fact has been concealed, and that the signatory, giving designation and PAN, is competent to verify and submit. Note 3 says the person competent to verify the return of income under section 265 signs.
Form No. 59: the Country-by-Country Report
The report is by a parent entity, an alternate reporting entity or any other constituent entity resident in India, for section 511(2) or section 511(4).
| Part | What it asks |
|---|---|
| A: Reporting Entity (rows 1 to 6) | Name, address, PAN, email ID, contact number; whether the reporting entity is the parent entity of the group |
| B: Other Basic Details (rows 7 to 11) | Reporting accounting year or tax year; calendar year; reporting type (Original, Revised or Correction); the original filing sequence number for a revised or corrected report; reporting role (Ultimate Parent Entity, Surrogate Parent Entity or Local Filing) |
| C: Overview of allocation of income, taxes and business activities by tax jurisdiction | For each tax jurisdiction: revenues (from unrelated parties, related parties and total), profit or loss before income tax, income tax paid on cash basis, income tax accrued for the reportable accounting year, stated capital, accumulated earnings, number of employees and tangible assets other than cash and cash equivalents; currency used |
| D: List of all the constituent entities, by aggregation per tax jurisdiction | For each entity: tax jurisdiction, tax jurisdiction of organisation or incorporation if different, tax identification numbers, address and address type, residence country code, main business activity, incorporation country code and other information |
| E: Additional information | Any further brief information or explanation that helps in understanding the compulsory information in the earlier Parts |
The Notes carry detailed instructions. Note 3 lists address types (residential, residential or business, business, registered, unspecified) and Note 4 lists the thirteen main business activities from research and development and holding of intellectual property to dormant and other. Note 5 says that the reporting group lists every tax jurisdiction in which a constituent entity is resident, that a separate line is included for entities deemed resident nowhere, and that a tax treaty tie breaker applies where an entity is resident in more than one jurisdiction, with the place of effective management used where no treaty applies. Notes 6 to 13 define how each column is filled: revenues include sales, services, royalties, interest and premiums but exclude intra-group dividends; profit includes extraordinary items; income tax paid includes withholding taxes paid by others on payments to the entity; income tax accrued excludes deferred taxes and provisions for uncertain tax liabilities; stated capital, accumulated earnings, employees (on a full-time equivalent basis) and tangible assets at net book value are reported as stated. Notes 14 to 16 deal with listing of entities, the incorporation jurisdiction and the main business activity, with the activity "Other" to be specified in the additional information section.
The printed form carries one slip that changes the cross-reference: Note 16 refers to the additional information as "Part C", though it is Part E. Read the reference as Part E.
Form No. 60: the group intimation
Form No. 60 is the intimation on behalf of the international group for section 511(5).
| Part | Rows | What it asks |
|---|---|---|
| A: Particulars of the International Group | 1 to 4 | Group name, address, email ID, contact number |
| B: Other Information | 5 | Name and address of the parent entity |
| B | 6 | The constituent entity designated to furnish the report under section 511(4): name, address, PAN |
| B | 7 | All other constituent entities resident in India: name, PAN, address (repeat if required) |
The verification is the same as in Form No. 58, and Note 3 says the person competent to verify the return under section 265 signs.
An example
Vestalis Group is headquartered abroad with two Indian subsidiaries, Vestalis Retail India Private Limited and Vestalis Logistics India Private Limited. The parent's country has no agreement with India for the exchange of such reports. The group designates the retail company. The group files Form No. 60 naming it and the other Indian entity. The retail company files Form No. 59 within twelve months from the end of the reporting accounting year, filling Part C for each tax jurisdiction and Part D for every entity of the group.
Need help with Country-by-Country reporting?
Part C and Part D draw on consolidated group data and the Notes set exact definitions for each column. Our tax planning advisory team can help you identify the reporting entity, map the Indian filing to the group data and keep to the rule 124 time limits.
Key takeaways
- Form No. 58 is the intimation by an Indian entity of a foreign-parented group; Form No. 59 is the report; Form No. 60 names the designated entity.
- Form No. 58 is due two months before the due date for the report under section 511(2).
- A constituent entity reporting under section 511(4) has twelve months from the end of the reporting accounting year, or six months from the end of the month in which a systemic failure is intimated.
- Part C reports aggregate figures by tax jurisdiction; Part D lists each constituent entity.
- Revisions and corrections of Form No. 59 are made by an intimation to the Director General of Income-tax (Systems).
Read next
- Rule 124: Country-by-Country Report and Form No. 59
- Section 511: report in respect of an international group
- Form Nos. 56 and 57: Master File and intimation by the designated constituent entity
- Form Nos. 52 and 54: annual compliance report and renewal of an APA
Disclaimer: Based on the Income-tax Rules, 2026 (G.S.R. 198(E), notified on 20 March 2026), read with the amending notifications issued up to 22 September 2026, as consulted on 4 October 2026. It explains the words of the forms and rules only; later notifications, the forms and utilities on the e-filing portal, circulars and the way the tax authorities apply these provisions should be checked. This article is general information, not legal advice; check the official text before acting.