Rule 200 — Application for obtaining an advance ruling under section 383
Parent Act Section(s): Section 265, Section 380, Section 383
Full Text
- Application for obtaining an advance ruling under section 383. — (1) An application for obtaining an advance ruling under section 383(1), shall be made by a resident or a non- resident applicant in Form No. 120 and verified in the manner indicated therein in accordance with this rule. (2) The fees payable along with the application for advance ruling shall be in accordance with the following Table: Table S. Specific condition or category as per Chapter XVIII-D (2) Amount of transaction of Fee No. one or more transaction for which ruling is sought A B C D Amount less than one hundred ₹200000 crore rupees. Seeking advance rulings in relation to the tax liability arising Amount between one hundred out of a transaction undertaken or proposed to be undertaken crore rupees and three ₹500000
by a non-resident applicant under sub-clause (i) of section hundred crore rupees. 380(a) or resident applicant under sub-clause (ii) thereof. Amount more than three Ten lakh hundred crore rupees. rupees Amount between one hundred Seeking advance rulings in relation to the tax liability of a crore rupees and three ₹500000 resident applicant, arising out of a transaction undertaken or 2. hundred crore rupees. proposed to be undertaken by a resident applicant under Amount more than three Ten lakh section 380(a)(iii) hundred crore rupees. rupees 3. Any other applicant In all cases ₹10000 (3) The application referred to in sub rule (1), the verification appended thereto, the annexures and the statements and documents accompanying the application shall be furnished electronically and shall be signed or digitally signed in the following manner:— (a) where the applicant is a person required to furnish a return of income under the Act, the application and accompanying documents shall be signed or digitally signed by the person who is authorised to verify such return under section 265, and shall be furnished electronically— (i) under digital signature, if the return of income is required to be furnished under digital signature; or (ii) through electronic verification code, in any other case; or (b) where the applicant is not a person required to furnish a return of income under the Act, the application and accompanying documents shall be signed or digitally signed by any person duly authorised by the applicant for this purpose and holding a valid power of attorney, and may be furnished using digital signature or electronic verification code as specified by the Board. (4) Every application in the Form, as applicable, shall be accompanied by the proof of payment of fees as specified in sub-rule (2).
Cross-References
Act Sections Referenced
Related Rules
- None
Practical Notes
[To be populated — interpretive notes, circular references, case law pointers]