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

1.	Meaning of advance ruling
2.	Meaning of Applicant
3.	Applicant vis-a-vis the application
4.	Certain circumstances in which the application cannot be allowed
5.	Form of application
6.	Fees for filing the application
7.	Documents to be submitted along with the application
8.	Person entitled to sign the application
9.	Can the application be withdrawn?
10.	Procedure on receipt of application for advance ruling
11.	Restriction on further procedure
12.	Applicability of advance ruling
13.	Advance ruling to be void in certain circumstances.
14.	Powers of the AAR

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.