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of <h1>Income Tax Bill 2025 Clause 380 replaces Authority with Board for Advance Rulings, updates definitions</h1> The Income Tax Bill 2025's Clause 380 introduces updated definitions for advance rulings, replacing the Authority for Advance Rulings with a Board for Advance Rulings. The clause defines advance rulings to cover tax liability determinations for non-residents, cross-border transactions, specified resident categories, pending computation issues, and impermissible avoidance arrangements. Key changes from the 1961 Act's Section 245N include administrative restructuring and modernized language, while maintaining similar scope and eligibility criteria. The regime continues to provide tax certainty through pre-transactional determinations, with resident access subject to government notifications and expanded coverage of anti-avoidance provisions.
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