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Changes in forms for advance ruling

Posted on 03 December 2014,    
 11280    Share  Report

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,
SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]
NOTIFICATION
Income-tax
New Delhi, the 28th day of November, 2014

S.O.3015 (E).─ In exercise of the powers conferred by section 245Q read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules 1962, namely:-

1. (1) These rules may be called the Income-tax (12th Amendment) Rules, 2014.

(2) They shall come into force on the date of its publication in the Official Gazette.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the said rules), in rule 44E,-

(A) in the marginal heading, for the words “Form of application for obtaining an advance ruling” the words “Application for obtaining an advance ruling” shall be substituted;

(B) for sub-rule (1), the following sub-rule shall be substituted, namely:-

“(1) An application for obtaining an advance ruling under sub-section (1) of section 245Q shall be made in quadruplicate,—

(a) in Form No. 34C in respect of a non-resident applicant referred to in subclause

(i) of clause (a) of section 245N;

(b) in Form No. 34D in respect of a resident applicant referred to in sub-clause (ii) of clause (a) of section 245N seeking advance ruling in relation to a transaction undertaken or proposed to be undertaken by him with a nonresident; and

(c) in Form No. 34DA in respect of a resident applicant referred to in subclause (iia) of clause (a) of section 245N falling within any such class or category of person as notified by the Central Government in exercise of the powers conferred by sub-clause (iia) of clause (b) of that section;

(d) in Form No. 34E in respect of a resident falling within any such class or category of person as notified by the Central Government in exercise of the powers conferred by sub-clause (iii) of clause (b) of section 245N; and (e) in Form No. 34EA, in respect of an applicant referred to in sub-clause (iiia) of clause (b) of section 245N of the Act, and shall be verified in the manner indicated therein.”

Detailed information has been attached herewith

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