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

Sundaram Infra Pvt Ltd, a resident company, is making an application for an advance ruling under the Income-tax Act, 2025. It seeks a ruling on the tax liability arising from a transaction undertaken by it, and the case falls under the rule for a resident applicant under section 380(a)(ii). The transaction amount is Rs. 150 crore. What is the application fee under Rule 200 of the Income-tax Rules, 2026?

The fee is Rs. 5,00,000. A resident applicant seeking a ruling under section 380(a)(ii) falls in row 1 of the Rule 200 fee table. A transaction of Rs. 150 crore lies between Rs. 100 crore and Rs. 300 crore, which carries that fee.

  1. ARs. 2,00,000
  2. BRs. 5,00,000Correct
  3. CRs. 10,00,000
  4. DRs. 10,000

Explanation

Under the Rule 200 table, row 1 covers a resident applicant under section 380(a)(ii). For an amount between Rs. 100 crore and Rs. 300 crore, the fee is Rs. 5,00,000. Rs. 2,00,000 applies only below Rs. 100 crore, and Rs. 10,00,000 applies only above Rs. 300 crore.

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