Advance Ruling Related Articles

Jun - 2023

22

e-Advance Rulings (Amendment) Scheme, 2023

e-Advance Rulings (Amendment) Scheme, 2023

e-Advance Rulings (Amendment) Scheme, 2023 The Central Board of Direct Taxes (CBDT) has amended the e-advance rulings scheme, 2022, vide notification no. S.O. 2569(E) issued on 12th June 2023. These amendments, known as the e-Advance Rulings (Amendment) Scheme 2023, have been in effect since 12th J ...

Jun - 2023

21

Income-tax (Ninth Amendment) Rules, 2023 - Simplified Process for Advance Ruling Applications

Income-tax (Ninth Amendment) Rules, 2023 - Simplified Process for Advance Ruling Applications

Income-tax (Ninth Amendment) Rules, 2023 - Simplified Process for Advance Ruling Applications The Central Board of Direct Taxes (CBDT) issued Notification No. 37/2023 on 12th June 2023, introducing the Income-tax (Ninth Amendment) Rules, 2023, to amend the Income-tax Rules, 1962. The provisions of ...

May - 2022

10

Income-Tax (Twelfth Amendment) Rules, 2022

Income-Tax (Twelfth Amendment) Rules, 2022

Income-Tax (Twelfth Amendment) Rules, 2022 The Central Board of Direct Taxes (CBDT) on May 05, 2022, has issued the Income-tax (Twelfth Amendment) Rules, 2022 to further amend the Income-tax Rules, 1962. With this amendment, CBDT notifies Rule 44E of the Income Tax Rules, 1962 related to the Appl ...

Mar - 2022

30

Faceless Jurisdiction of Income-tax Authorities Scheme 2022

Faceless Jurisdiction of Income-tax Authorities Scheme 2022

Faceless Jurisdiction of Income-tax Authorities Scheme 2022 Central Board of Direct Taxes (CBDT) vide a Notification No. 15/2022 dated 28th March 2022 notified Faceless Jurisdiction of Income-tax Authorities Scheme 2022 under section 130 of the Income-tax Act, 1962 (‘Act’). The Scheme provides for ...

Jan - 2022

22

E-Advance Rulings Scheme, 2022

E-Advance Rulings Scheme, 2022

E-Advance Rulings Scheme, 2022 Advance rulings provide upfront clarity to the specified taxpayers as well as non-residents about the taxability/ non-taxability of transactions in India under the Income Tax laws. E-Advance rulings scheme, 2022 is introduced, vide notification dated 18th January 2022 ...

Sep - 2019

06

GST - National Appellate Authority for Advance Ruling

GST - National Appellate Authority for Advance Ruling

GST - National Appellate Authority for Advance Ruling The Finance (No.2) Act 2019 incorporated the following three new sections to the Central Goods and Service Tax Act relating to the National Appellate Authority for Advance Ruling: Section 101A–Constitution of the National Appellate Authorit ...

Oct - 2017

21

Advance Ruling in GST

Advance Ruling in GST

Advance Ruling in GST The Ministry of Finance made the Advance ruling under GST very taxpayer-friendly. The advance ruling helps taxpayers plan for GST liability in advance. An advance ruling is binding on both the taxpayer and the Government. Hence, the taxpayer can also use the advance ruling to ...

Apr - 2016

07

Advance Ruling under Income Tax

Advance Ruling under Income Tax

Advance Ruling under Income Tax An advance ruling refers to the facility of obtaining a judgment in advance from the Authority for Advance Rulings. The facility is used when the assessee has anticipated contentious issues in the Income Tax assessment. An advance ruling enables the assessee to obtai ...

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