Section 380 — Interpretation
Old Act equivalent: Section 245N–245R of IT Act 1961 Sub-part: D.2—Advance rulings
Statutory Text
- For the purposes of this Chapter,—
(a) “advance ruling” means—
(i) a determination by the Board for Advance Rulings in relation to a transaction which has been undertaken or is proposed to be undertaken by a non-resident applicant; or Board for Advance Rulings.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Definitions for the advance rulings sub-chapter.
- Conditions: Advance ruling covers: NR transactions, resident-NR transactions, resident transactions (notified class), pending computation issues, and impermissible avoidance arrangement determination.
- Time limits: None.
- Monetary limits: None.
- Exceptions: Applicant categories require Central Government notification for certain resident classes.
Cross-References
None identified.
Amendment Notes
None noted from the extracted pages.