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CA Final · Direct Tax Laws & International Taxation · Advance Rulings

Anand Exports Ltd, a company required to furnish a return of income under digital signature, files an advance ruling application under Rule 200 of the Income-tax Rules, 2026. Which statement on signing and furnishing is correct?

The application must be signed by the person authorised to verify the return under section 265 and furnished electronically under digital signature. Because Anand Exports must file its return under digital signature, the electronic verification code route and the power-of-attorney route do not apply.

  1. AIt must be filed in paper form signed by any employee
  2. BIt may be signed by anyone holding a power of attorney, using an electronic verification code
  3. CIt must be signed by the person authorised to verify the return under section 265 and furnished electronically under digital signatureCorrect
  4. DIt must be signed by the person authorised to verify the return and furnished through electronic verification code

Explanation

Under Rule 200(3)(a), where the applicant must furnish a return, the application is signed by the person authorised to verify the return under section 265 and furnished electronically. If the return requires digital signature, the application is furnished under digital signature. The electronic verification code applies only in other cases. The power-of-attorney route applies to applicants not required to file a return.

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