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Which Organization recently (in Sept 21) set up 3 Boards for Advance Rulings (BAR) to help with tax matters?
  • a)
    Central Board of Indirect Taxes and Customs
  • b)
    Central Board of Direct Taxes
  • c)
    Securities and Exchange Board of India
  • d)
    Directorate of Revenue Intelligence
  • e)
    All the Above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which Organization recently (in Sept 21) set up 3 Boards for Advance R...
The Central Board of Direct Taxes (CBDT) set up three Boards for Advance Rulings (BAR) which will offer help on tax implications of transactions, which in turn will help avoid income tax disputes. It was taken to fast-track disposal of cases.
i. This will replace the Authority for Advance Rulings (AAR), which was set up in 1993.
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Which Organization recently (in Sept 21) set up 3 Boards for Advance Rulings (BAR) to help with tax matters?a)Central Board of Indirect Taxes and Customsb)Central Board of Direct Taxesc)Securities and Exchange Board of Indiad)Directorate of Revenue Intelligencee)All the AboveCorrect answer is option 'B'. Can you explain this answer?
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