Section 245N(a) - Advance Ruling

Neethi V. Kannanth , Last updated: 22 May 2021  
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As per section 245N(a), of the Income Tax Act,1961, Advance Ruling means written opinion or authoritative decision by an Authority empowered to render it with regard to the tax consequences of a transaction or proposed transaction or an assessment in regard thereto. Purpose of Advance Ruling ​

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