Quick Summary
The Income-tax (Ninth Amendment) Rules, 2023 were notified by the Central Board of Direct Taxes (CBDT) on June 12, 2023. The amendment aims to improve the efficiency and effectiveness of the Income-tax Act, 1961. The key amendments to the Income-tax Act include Amendment to Rule 44E:Rule 44E of the Income-tax Rules, 1962 was amended to provide for the filing of an application for an advance ruling in electronic form. This will make it easier for taxpayers to apply for an advance ruling
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FAQ :
New Forms 34C to 34EA have been introduced to facilitate the filing of applications for advance rulings, submission of additional information and documents, and withdrawal of applications.
The new forms were introduced as part of the Income-tax (Ninth Amendment) Rules, 2023, notified by the CBDT on June 12, 2023.
The purpose of these new forms is to improve the efficiency and effectiveness of the Income-tax Act by making it easier for taxpayers to apply for advance rulings and submit necessary documentation.
Yes, the amendment clarifies that advance rulings can be issued on any question of law or fact relevant to determining a taxpayer's income-tax liability.
Applications can now be furnished electronically through registered email addresses for individuals, Hindu undivided families, and companies, with provisions for digital signatures.
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