TMI BlogForm 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 transaction undertaken or proposed to be undertaken by him.X X X X Extracts X X X X X X X X Extracts X X X X ..... ccount Number, and Aadhaar Number (if applicable) 6. Name, address, telephone or fax number and email address of the person with whom the transaction is undertaken or proposed to be undertaken 7. Question(s) of law or of fact relating to a transaction undertaken or proposed to be undertaken on which the advance ruling is required 8. Whether the transaction referred to in item No. 7 relates to an event of national or international importance? 9. If yes, name of event 10. Statement of the relevant facts having a bearing on the question(s) referred to in item No. 7 11. Statement containing the applicant's interpretation o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall be based on actual or proposed transactions. Hypothetical questions shall not be entertained. 5. In respect of item No. 10, in Annexure I, the applicant shall state in detail the relevant facts and also disclose the nature of his business or profession and the likely date and purpose of the proposed transactions. Relevant facts reflected in the documents submitted along with the application shall be included in the statement of facts and not merely incorporated by reference. 6. For item No. 11, in Annexure II, the applicant shall clearly state his interpretation of law or facts in respect of the question(s) on which the advance ruling has been sought. 7. The application, the verification appended thereto, the annexures to the application and the statements and documents accompanying the annexures, shall be, (a) in the case of an individual, (I) signed or digitally signed, (i) by the individual himself; or (ii) where, for any unavoidable reason, it is not possible for the individual to sign the application, by any person duly authorised by him in this behalf : Provided that in a case referred to in sub-clause ( ii ), the person signing the ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Applicant) Place................. Date.................. ANNEXURE II Statement containing the applicant s interpretation of law or facts, as the case may be, in r espect of the question(s) on which advance ruling is required .................................................................................................... .................................................................................................... .................................. Place................. Signed Date.................. (Applicant) ] ********** Notes: 1. Introduced vide Notification no. 74/2014, dated 28-11-2014 2 . Substituted vide Notification No. 31/2018 dated 13-07-2018 before it was read as section 245N(b)(iia) 3. Substituted vide Notification No. 95/2019 dated 06-11-2019 w.e.f. 01-09-2019 before it was read as Permanent Account Number 4. Substituted vide Notification No. G.S.R. 339(E) dated 05-05-2022 before it was read as, FORM NO. 34DA 1 [See rule 44E ] Form of application by a resident applicant referred to in 2 [section 245N(b)(A)(III)] seeking advance ruling under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vided for answering any item in the application is found insufficient, separate enclosures may be used for the purpose. These should be signed by the applicant. 4. The application shall be accompanied by an account payee demand draft of applicable fees as per sub-rule (4) of rule 44E of the Income-tax Rules, 1962 in favour of Authority for Advance Rulings, payable at New Delhi. Particulars of the draft should be given in reply to item No. 11. 5. In reply to item No. 2, the applicant shall state whether he/it is an individual, Hindu undivided family, firm, association of persons or company. 6. Regarding item No. 6, the question(s) should be based on actual or proposed transactions. Hypothetical questions will not be entertained. 7. In respect of item No. 7, in Annexure I, the applicant shall state in detail the relevant facts and also disclose the nature of his business or profession and the likely date and purpose of the proposed transaction(s). Relevant facts reflected in documents submitted along with 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id questions 9. Statement containing the applicant's interpretation of law or facts, as the case may be, in respect of the aforesaid questions 10. Whether there are any decisions of the Court on the question raised on which ruling is required? If yes, list such relevant decisions. 11. List of documents or statements attached 12. Particulars of account payee demand draft accompanying the application ............................... Signed (Applicant) Verification I, ................................................................................................................................... son/daughter/wife [name in full and in block letters] of ........................................................................................... do hereby solemnly declare that to the be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the individual to sign the application, by any person duly authorised by him in this behalf : Provided that in a case referred to in sub-clause (ii), the person signing the application holds a valid power of attorney from the individual to do so, which shall be attached to the application ; or (II) communicated through his registered e-mail address, in any other case; (b) in the case of a Hindu undivided family,- (I) signed digitally, if it is required under these rules to furnish his return of income under digital signature, (i) by the karta thereof; and (ii) where, for any unavoidable reason, it is not possible for the karta to sign the application, by any other adult member of such family ;or (II) communicated through its registered e-mail address, in any other case; (c) in the case of a company, digitally signed,- (i) by the Managing Director thereof, or where for any unavoidable reason such Managing Director is not able to sign and verify the application, or where there is no Managing Director, by any Director thereof ; (ii) where, for any unavoidable reason, it is not possible for the Managing Director or the Director to sign the applicati ..... 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