SCHEME OF ADVANCE RULINGS FOR NON-RESIDENTS UNDER THE INCOME-TAX ACT,1961

WHAT ARE THE QUESTIONS ON WHICH ADVANCE RULING CAN BE SOUGHT ?

The advance ruling can be sought on any question of law or fact specified in the application in relation to a transaction which has been undertaken, or is proposed to be undertaken , by the non-resident applicant.

However, an advance ruling cannot be sought where the question.

• is already pending in the case of the applicant before any income tax authority, the Appellate Tribunal or any court, or
• involves determination of fair market value of any property, or
• relates to a transaction which is designed prima facie for avoidance of income-tax.

Frequently Asked Questions By Non-Resident Indians

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