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TMI BlogIncome-tax (12th Amendment) Rules, 2014.X X X X Extracts X X X X X X X X Extracts X X X X ..... y shall come into force on the date of its publication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 44E,- (A) in the marginal heading, for the words "Form of application for obtaining an advance ruling" the words "Application for obtaining an advance ruling" shall be substituted; (B) for sub-rule (1), the following sub-rule shall be substituted, namely:- "(1) An application for obtaining an advance ruling under sub-section (1) of section 245Q shall be made in quadruplicate,- (a) in Form No. 34C in respect of a non-resident applicant referred to in sub-clause (i) of clause (a) of section 245N; (b) in Form No. 34D in respect of a resident applicant referred to in sub-cl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . ₹ 2 lacs Amount of one or more transaction, entered into or proposed to be undertaken, in respect of which ruling is sought exceeds ₹ 100 crore but does not exceed ₹ 300 crore. ₹ 5 lacs Amount of one or more transaction, entered into or proposed to be undertaken, in respect of which ruling is sought exceeds ₹ 300 crore. ₹ 10 lacs Any other applicant In all cases ₹ 10000" 3. In the said rules, in Appendix-II, after FORM 34D, the following FORM 34DA shall be inserted, namely:- "FORM NO. 34DA [See rule 44E] Form of application by a resident applicant referred to in section 245N(b)(iia) seeking advance ruling under section 245Q(1) of the Income-tax Act, 1961 in relation to a transacti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... annexure(s), is correct and complete. I further declare that I am making this application in my capacity as _________________________ (designation) and that I am competent to make this application and verify it. I also declare that the question(s) on which the advance ruling is sought is/are not pending in my case before any Income-tax authority, the Appellate Tribunal or any Court. Verified today the ______________ day of__________________ Place _______________ --------------------------- Signed (Applicant) Notes.- 1. The application shall be filled in English or Hindi in quadruplicate. 2. The number and year of receipt of the application shall be filled in the office of the Authority for Advance Rulings. 3. If the space provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Income-tax Rules, 1962. ANNEXURE I Statement of the relevant facts having a bearing on the question(s) on which the advance ruling is required Place _______________ Date _______________ _____________ Signed (Applicant) ANNEXURE II Statement containing the applicant's interpretation of law or facts, as the case may be, in respect of the question(s) on which advance ruling is required Place _______________ Date _______________ _____________ Signed (Applicant)" [F. No.142/6/2014-TPL] (Gaurav Kanaujia) Director to the Government of India Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O.969(E), dated the 26th March, 196 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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