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

Ravi, an individual who has no obligation to furnish a return of income under the Act, wants to apply for an advance ruling. He is not covered by any specific category in the fee table. He authorises his representative, who holds a valid power of attorney, to sign the application. Which statement is correct under Rule 200 of the Income-tax Rules, 2026?

The fee is Rs. 10,000 because Ravi falls under 'any other applicant'. Since he is not required to file a return, a person duly authorised under a valid power of attorney may sign the application. It is furnished electronically using digital signature or electronic verification code as specified by the Board.

  1. AThe fee is Rs. 10,000, and a person duly authorised and holding a valid power of attorney may sign it, using digital signature or electronic verification code as specified by the BoardCorrect
  2. BThe fee is Rs. 2,00,000, and only Ravi can sign it
  3. CThe fee is Rs. 10,000, and the application must be filed in paper form with a physical signature
  4. DThe fee is Rs. 5,00,000, and it must be signed by a chartered accountant

Explanation

Row 3 of the fee table (any other applicant) fixes a fee of Rs. 10,000 in all cases. Rule 200(3)(b) requires electronic furnishing and lets a duly authorised person holding a valid power of attorney sign, using digital signature or electronic verification code as specified by the Board. Paper filing is not permitted.

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