Introduction - Advance Ruling

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..... n-resident in India. In order to get clarification on taxation of those transactions, a scheme of advance ruling was introduced by incorporating Chapter XIX B in the Income Tax Act,1961 by the Finance act 1993. A person (Resident or Non Resident) can make an application to the Authority for Advance Rulings ( AAR‟) on issue which could arise in determining their tax liabilities so that ti .....

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