Finance Bill, 2012 as passed by Lok Sabha – The Finance Bill, 2012 as passed by the Lok Sabha amends Sections 245N and 245R wef April 1, 2013. After the amendment any person (resident or non-resident) may make an application to AAR for determination by it whether an arrangement, which is proposed to be undertaken by him/it, is an impermissible avoidance agreement as referred to in Chapter X-A or not.

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Category : Income Tax (27505)
Type : Articles (17002)
Tags : Budget (1956)

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