benefits of advance ruling

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Are The Advance Ruling Under Income Tax Binding On Taxpayers Or Tax Authorities?

An advance ruling pronounced by the Authority is binding on the follows :- The Applicant. The Commissioner. Commissioner of Income-tax (Appeals). Income-tax authorities who are subordinate to Commissioner In respect of transaction for which ruling had been sought​. Source: Income Tax India’s Official Website

All about Advance Ruling in Customs

Advance Rulings provide certainty in taxation thereby ensuring EODB and aids in achieving the goal of AatmaNirbharBharat Here’s a thread on information about Advance Rulings in Customs What is an Advance Ruling in Customs ? CLICK HERE TO READ FULL When can you seek Advance Rulings in Customs ? CLICK HERE TO READ MORE Who …

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