FAQ’s on income tax advance ruling provisions
FAQ’s ONINCOME TAX ADVANCE RULING PROVISIONS Q.: What is Authority for Advance Rulings (AAR)? The scheme of Advance Rulings has been introduced under the Income-tax Act, 1961. It was reinforced by the Finance Act, 1993. Chapter XIX-B of the Income-tax Act, which deals with advance rulings, came into force with effect from 1-6-1993. Under the …