Friday, January 16, 2015

Taxpayers can approach AAR for Tax Liabilities on deals above ` 100 Cr

In a positive move to cut tax litigation, the Central Board of Direct Taxes (CBDT) has notified that
resident taxpayers who plan transactions valuing ` 100 crore or above can approach the Authority
for Advance Rulings (AAR) for determination of their tax liabilities under such transaction.

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