Form No. 34D - Form of application by a resident applicant for seeking an advance ruling in relation to a transaction undertaken or proposed to be undertaken by him with a non-resident, under section 245Q(1) of the Income-tax Act, 1961
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Advance ruling for cross-border transactions permits a resident to seek pre-transaction tax clarity on dealings with non-residents. Form No. 34D prescribes the application process for a resident seeking an advance ruling under section 245Q(1) for transactions with a non-resident: it ... Summary
Advance ruling for cross-border transactions permits a resident to seek pre-transaction tax clarity on dealings with non-residents.
Form No. 34D prescribes the application process for a resident seeking an advance ruling under section 245Q(1) for transactions with a non-resident: it requires applicant and non-resident identification (including parent and ultimate parent details and tax identifiers), the basis for claiming non-resident status, precise questions of law or fact based on actual or proposed transactions, a factual statement (Annexure I), the applicant's legal/factual interpretation (Annexure II), supporting documents and fee proof, and specified signing, verification and electronic filing requirements tailored to applicant type.
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