All you want to Know about E-Advance Rulings Scheme, 2022

In a major relief to the majority of non-resident assesses, the Central Board of Direct Taxes (CBDT) has notified the ‘e-advance rulings Scheme’ to enable taxpayers to file their application for advance ruling through e-mail.

Hearing to Conducted via video conferencing/ video telephony

The ‘e-advance rulings Scheme, 2022’ provided that hearings before the Board for Advance Rulings will be conducted through video conferencing or video telephony, where taxpayers would be granted an appropriate opportunity of being heard.

Communications to take place in electronic mode

As per the scheme all communications between the taxpayer/ income tax authorities and the Board for Advance Rulings will take place in electronic mode.

Rulings will be delivered by an e-mail

Every notice or order or any other electronic communication under this scheme from the Board for Advance Rulings will be delivered to the applicant by sending an e-mail to the registered email address of the applicant or his authorised representative. Subsequently, the applicant or the authorised representative would file his response to any notice or order or any other electronic communication, under this scheme, to the Board for Advance Rulings through his registered email address.

Upfront clarity to non-residents

An advance ruling mechanism is provided in the Income Tax Act to provide upfront clarity to non-residents and certain other specified taxpayers, regarding the taxability of their transactions in India under Indian Income Tax laws.

To Read the full text of the Notification CLICK HERE

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