Act Number: 43

Act Name: The Income-tax Act, 1961

Year: 1961

Enactment Date: 1961-09-13

Long Title: An Act to consolidate and amend the law relating to income-tax and super-tax

Ministry: Ministry of Finance

Department: Department of Revenue

Section 245Q: Application for advance ruling.
(1) An applicant desirous of obtaining an advance ruling under this Chapter 12 *** or under Chapter IIIA of the Central Excise Act, 1944 (1 of 1944) or under Chapter VA of the Finance Act, 1994 (32 of 1994) may make an application in such form and in such manner as may be prescribed, stating the question on which the advance ruling is sought.
(2) The application shall be made in quadruplicate and be accompanied by a fee of 3 ten thousand rupees or such fee as may be prescribed in this behalf, whichever is higher.
(3) An applicant may withdraw an application within thirty days from the date of the application.
Notes:
1. Ins. by Act 7 of 2017, s. 82 (w.e.f. 1-4-2017).
2. The words and figures or under Chapter V of the Customs Act, 1962 (52 of 1962) shall stand omitted (date to be notified) by Act 13 of 2018, s. 51.
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