Income-tax Act, 1961

Section - 245N - Definitions

CHAPTER XIX-B

ADVANCE RULINGS

Definitions.

245N. In this Chapter, unless the context otherwise requires,-

(a) - "advance ruling" means-
(i) - a determination by the Authority in relation to a transaction which has been undertaken or is proposed to be undertaken by a non-resident applicant; or
(ii)- a determination by the Authority in relation to the tax liability of a non-resident arising out of a transaction which has been undertaken or is proposed to be undertaken by a resident applicant with such non-resident; or
(iia) - a determination by the Authority in relation to the tax liability of a resident applicant, ar .... To read the full section download the app from Google Play store