sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« News Headlines »
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Bill on common body for advance ruling of taxes
December, 08th 2007
A Bill to establish a common Authority for Advance Rulings (AAR) for central taxes was introduced in the Lok Sabha by the Finance Minister, Mr P. Chidambaram, here on Friday. Currently, there are two Authorities for Advance Rulings one under the Income Tax law and the other for central excise, customs and sales tax related issues.

The Government had, after reviewing the performance of these two Authorities, concluded that they did not have adequate work to justify separate establishments.

A decision was therefore taken to constitute a common Authority for Advance Rulings for performing the functions of these two Authorities. Hence, the current move to enact separate legislation for constituting a common Authority for Advance Rulings on central taxes.

The Authority for Advance Rulings were established to enable applicants to obtain, in advance, binding rulings from these authorities on issues that may arise in the determination of tax liabilities.

The proposed Authority for Advance Rulings on central taxes would consist of a chairperson and three members. The existing Authority for Advance Rulings on Income Tax has a chairperson and two members.

Similarly, the Authority for Advance Rulings on Customs, excise and service tax has a chairperson and two members.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions