Authority for Advance Ruling (AAR) – an Outline In order to avoid needless litigations and to aid the non-residents and seeking clarifications on the Indian income-tax related matters, the Central Government has set up an Authority for Advance Ruling (AAR), through which the non-residents can make application for clarifications regarding their tax liability and any […]
The Income-tax Act, 1961 provides for special provisions to tax the income from specified assets in the hands of Non-resident Indians. These provisions are optional to such assessees i.e., they can either pay tax at the rates prescribed under this chapter or at the normal rates applicable to them. This option can be changed every […]