CA Final · Direct Tax Laws & International Taxation · Advance Rulings
Under the Income-tax Rules, 2026, a resident company, Sundaram Pharma Ltd, files an application for an advance ruling. The company is required to furnish a return of income, and that return must be furnished under digital signature. Which statement about signing and furnishing the application is correct?
The application must be signed by the person authorised to verify the company's return under section 265 and furnished electronically under digital signature. Because the return itself requires digital signature, the electronic verification code route is not available. Paper filing is not permitted, as the application must be furnished electronically.
- AIt may be signed by any person holding a power of attorney and furnished using an electronic verification code
- BIt must be signed by the person authorised to verify the return under section 265 and furnished electronically under digital signatureCorrect
- CIt must be filed in paper form with the Board and signed by the company's auditor
- DIt must be signed by the person authorised to verify the return and furnished through electronic verification code
Explanation
Rule 200(3)(a) requires an applicant who is required to furnish a return to have the application signed by the person authorised to verify the return under section 265. It must be furnished electronically under digital signature if the return requires digital signature. The electronic verification code applies only in other cases.
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