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<h1>Guide to Applying for Advance Tax Ruling Under Section 245Q(1) of the Income-tax Act: Steps, Requirements, and Fees.</h1> The application process for obtaining an advance ruling under section 245Q(1) of the Income-tax Act, 1961. It includes detailed instructions for individuals and entities such as Hindu undivided families, companies, and associations of persons. Applicants must provide personal and tax-related information, details of the arrangement requiring the ruling, and the expected tax benefits. The form requires a declaration that the issue is not pending before any tax authority or court. It also specifies the required signatures and digital submissions, along with payment details for the application fee.
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