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What is the Scheme of Advance rulings?

RULINGS Scheme
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What is the Scheme of Advance rulings?

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A. NRIs can obtain in advance a ruling on issues, which could arise in determination of their tax liabilities. This system of Advance Rulings helps NRIs to plan their income tax affairs well in advance to bring certainty in determination of tax liability. This also helps in avoiding long drawn litigation.

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