Explain the followings with reference to the provisions of Advance Ruling u/s 245 of the Income Tax Act, 1961: (d) Kaka a non-resident is going to undertake a transaction with a resident in India, he has three different
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2021
Explain the followings with reference to the provisions of Advance Ruling u/s 245 of the Income Tax Act, 1961: (d) Kaka a non-resident is going to undertake a transaction with a resident in India, he has three different questions in his mind with respect to the transaction, should he file a single application or three applications to the AAR, please guide him?
Answer & Explanation:
Mr. Kaka can file a single application. Even though the word used in the definition is singular namely "question", it is clear that there can be more than one question in one application. This has been made amply clear by column No. 8 of the Form No. 34C.
Topics: Income Tax
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