CA Final · Direct Tax Laws & International Taxation · Advance Rulings
Vastu Infra Ltd, which is required to furnish a return of income under a digital signature, applies for an advance ruling. Who must sign the application and accompanying documents, and how must they be furnished under Rule 200?
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 a digital signature. An electronic verification code is allowed only in other cases, and a power-of-attorney signatory applies to non-filers.
- AAny person holding a power of attorney, using an electronic verification code
- BThe person authorised to verify the return under section 265, using a digital signatureCorrect
- CThe Commissioner having jurisdiction, using a digital signature
- DThe person authorised to verify the return under section 265, using an electronic verification code
Explanation
Rule 200(3)(a) says that where the applicant must furnish a return of income, the person authorised to verify the return under section 265 signs the application. If the return must be furnished under digital signature, the application is also furnished under digital signature. The electronic verification code applies only to other cases. The power-of-attorney route is for applicants who are not required to file a return.
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