AAR
This query is : Resolved
18 November 2009
Dear Sir,
Can you explain, What is meant by Authority for Advance Ruling. please, give some example for this?
Can you explain, What is meant by Authority for Advance Ruling. please, give some example for this?
18 November 2009
The Authority for Advance Rulings consists of a Chairman , who is a retired Judge of the Supreme court and two members of the rank of Additional Secretary to the Government of India, one each from the Indian Revenue Service and the Indian Legal Service.
18 November 2009
thanks sir, Can you explain the role of ARR
18 November 2009
the possibility of dispute between non-residents and tax department has very substantially increased. The role of AAR to resolve such disputes has become very important.
18 November 2009
With a view to avioding dispute in respect of assessment of income tax liability in case of non resident this scheme is introduced through the Finance act,1993. The scheme, in due course of time ,has been extened to resident applicants for a transaction entered into between a resident and non resident person. The role of AAR is to issue a binding rule ,in advance, on issue which could arise in determining their tax liabilities so that time consuming and expensive appeals can be avoided. For further detais pl refer chapter X1X-B of the Income tax Act,1961 and The Authority for Advanced Ruling (Procedure)Rules,1996.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
