Comparison of section 383 "Application for advance ruling." between the Income-Tax Act, 2025 (as passed) and the Income-Tax Bill, 2025 (as originally introduced)

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....prescribed form language, the number of copies required, and the treatment of the application fee. The changes affect taxpayers who seek advance rulings, authorised representatives, and the Board/administrative machinery. Effective date or enactment date: Not stated in the document. Background & Scope Statutory hooks: the text is placed in a Chapter concerning "Advance rulings" under the Income-tax enactment (Bill/Act) of 2025. The provision governs an applicant's procedure to obtain an advance ruling "under this Chapter." Definitions or extended explanations of terms used in the provision: Not stated in the document. The provision addresses three procedural points: form and manner of application, fee requirement, and withdrawal perio....

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....tions * Example 1: A taxpayer desirous of certainty before a transaction prepares an application in the prescribed form and manner and submits it with the prescribed fee. The taxpayer may withdraw that application within thirty days if it chooses. (Fact pattern consistent with the text; specific procedures or outcomes Not stated in the document.) * Example 2: If an applicant files an application electronically, the requirement to file "in quadruplicate" would not apply under the enacted Section because the quadruplicate requirement was removed; the precise electronic filing format is Not stated in the document. Interplay Interactions with Rules/Notifications/Circulars: the provision explicitly contemplates subordinate legislation ....

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....o gives the authority discretion to prescribe the number/format (if any) in rules. For taxpayers/representatives, less paperwork and potential cost savings. For the Board/secretariat, this may affect internal administrative handling procedures, necessitating rule-making or internal guidelines on required submissions. Application fee * Bill (Old Version): "be accompanied by a fee of ten thousand rupees or such fee, as prescribed." * Act (Section 383): "The application shall be accompanied by a fee, as may be prescribed." * Practical impact: The Bill specified a monetary floor/benchmark of Rs.10,000 (with a fallback to prescribed fee). The enacted Section removes the specified Rs.10,000 figure and refers solely to a prescribed fee. Pra....