Application for advance ruling
[Section-383 as per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 383(1) of Income Tax Act 2025
383(1) An applicant desirous of obtaining an advance ruling under this Chapter, may make an application in such form and manner, as prescribed, stating the question on which the advance ruling is sought.
Section 383(2) of Income Tax Act 2025
383(2) The application shall be made in quadruplicate and be accompanied by a fee of ten thousand rupees or such fee, as prescribed.
Section 383(3) of Income Tax Act 2025
383(3) An applicant may withdraw an application within thirty days from the date of the application.
FAQs on Section 383 of Income Tax Act 2025
What is an advance ruling under the Income Tax Act, 2025?
An advance ruling is a written decision provided by the authority to an applicant on questions relating to the interpretation of the Act, applicable to a transaction undertaken or proposed to be undertaken.
Who can apply for an advance ruling under Section 383?
Any applicant desirous of obtaining an advance ruling under the relevant Chapter of the Income Tax Act, 2025, may apply as per the prescribed form and manner.
What should the application for an advance ruling contain?
The application must state the specific question on which the advance ruling is sought.
How should the application be submitted?
The application must be submitted in quadruplicate, i.e., four copies of the application are required.
What is the fee for filing an application for advance ruling under Section 383?
A fee of ten thousand rupees or such other amount as may be prescribed must accompany the application.
Is there a time limit within which the applicant can withdraw the application?
Yes, the applicant may withdraw the application within thirty days from the date of the application.
Can the prescribed fee be changed in future?
Yes, the Act provides for the fee to be ten thousand rupees or such amount as may be prescribed, allowing for future revision through rules.
Is it mandatory to state the question on which the ruling is sought in the application?
Yes, stating the question is a mandatory requirement for processing the application.
Can the application be withdrawn after thirty days from the date of application?
No, withdrawal is only permitted within thirty days from the date of the application.
Is the application form for advance ruling prescribed under rules?
Yes, the specific form and manner of making the application shall be prescribed by rules made under the Act.
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