Advance ruling entitlement clarifies permitted determinations on transactions, tax liability of non residents, and computation of tax bases.

Clause 250 allows specified applicants to seek advance rulings: a non resident may request determinations on transactions undertaken or proposed by the applicant including questions of law or fact; a resident may seek determinations on the tax liability of a non resident arising from a transaction with the applicant including questions of law or fact; a class of residents notified by the Central Government may seek determinations on issues relating to computation of tax bases pending before an income tax authority or the Appellate Tribunal including related questions of law or fact.

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