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 ..... me-tax (12th Amendment) Rules, 2014. (2) They 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) i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ant referred to in sub-clauses (i) or (ii) or (iia) of clause (b) of section 245N Amount of one or more transaction, entered into or proposed to be undertaken, in respect of which ruling is sought does not exceed ₹ 100 crore. ₹ 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11. Particulars of account payee demand draft accompanying the application ------------------- Signed (Applicant) Verification I,___________________________________________________[name in full and in block letters] son/daughter/wife of __________________________________________ do hereby solemnly declare that to the best of my knowledge and belief what is stated above and in the annexure(s), including the documents accompanying such 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/a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith the application must be included in the statement of facts and not merely incorporated by reference. 8. For item No. 8, in Annexure II, the applicant must clearly state his interpretation of law or facts in respect of the question(s) on which the advance ruling has been sought. 9. The application, the verification appended thereto, the annexures to the application and the statements and documents accompanying the annexures, must be signed as per sub-rule (2) of rule 44E of the 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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