The Ministry of Finance on 18th January 2022 has published the e-advance rulings Scheme, 2022 enabling taxpayers to file their application for advance ruling through e-mail.
This Scheme shall be applicable to applications of advance rulings made to the Board for Advance Rulings under sub-section (1) of section 245Q of the Act; or transferred to Board for Advance Rulings under sub-section (4) of section 245Q of the Act.
All communications between the Board for Advance Rulings and the applicant, or his authorized representative, shall be exchanged by electronic mode and every notice or order or any other electronic communication under this Scheme from the Board for Advance Rulings shall be delivered to the addressee, being the applicant by sending an e-mail to the registered email address of the applicant or his authorized representative.
The 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 I-T laws.
The Board for Advance Rulings may at its discretion permit or require the applicant to submit such additional facts as may be necessary to enable it to pronounce its advance ruling.
