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Advance Ruling

Admin TMI

Question - What are proposed amendment in provision related to Advance Ruling in Finance Bill 2015 ?

Advance Ruling Extended to All Resident Firms Under Section 96A(b)(iii) of Finance Act 1994 per 2015 Amendment. A query was raised regarding proposed amendments to the provisions related to Advance Ruling in the Finance Bill 2015. The response indicated that the facility of Advance Ruling is being extended to all resident firms, as specified under section 96A (b)(iii) of the Finance Act, 1994. This extension is referenced in Notification No. 9/2015-ST, dated March 1, 2015. (AI Summary)
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