CA Final · Direct Tax Laws & International Taxation · Advance Rulings
Rohan Textiles Ltd, a resident applicant, seeks an advance ruling on its own tax liability from a transaction it proposes with another resident, falling under section 380(a)(iii). The transaction amount is Rs. 350 crore. Under Rule 200 of the Income-tax Rules, 2026, what fee applies?
The fee is Rs. 10,00,000. Under Rule 200, a resident applicant seeking a ruling under section 380(a)(iii) pays ten lakh rupees where the transaction amount exceeds Rs. 300 crore, and Rs. 350 crore exceeds that threshold.
- ARs. 5,00,000
- BRs. 2,00,000
- CRs. 10,000
- DRs. 10,00,000Correct
Explanation
Row 2 of the fee table covers a resident applicant under section 380(a)(iii). A transaction amount exceeding Rs. 300 crore attracts a fee of ten lakh rupees. Rs. 5,00,000 applies only to the Rs. 100-300 crore band, and Rs. 10,000 applies to other applicants.
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