Application to the Authority for Advance Rulings (‘AAR’) in sections 245N to 245V

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.

A resident taxpayer may have some taxation issues in respect of a transaction which has been undertaken or proposed to be undertaken with a non-resident. Similarly, a non-resident may have some taxation issues in respect of transaction which has been
undertaken or proposed to be undertaken by him in India. In order to get clarification on taxation of those transactions, a person can make an application to the Authority for Advance Rulings (‘AAR’). Provisions relating to advance ruling are provided in sections 245N to 245V.

In this part, you can gain knowledge about various provisions relating to advance ruling.