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  2. Frequently Asked Questions
  3. Advance Ruling

What is the objective of having a mechanism of Advance Ruling?

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The broad objective for setting up such an authority is to:

  1. Provide certainty in tax liability in advance in relation to an activity proposed to be undertaken by the applicant;
  2. Attract Foreign Direct Investment (FDI);
  3. Reduce litigation;
  4. Pronounce ruling expeditiously in transparent and inexpensive manner.
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