RULE 200 INCOME-TAX RULES 2026
Application for obtaining an advance ruling under section 383.
200. (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
| Sl. No. | Specific condition or category as per Chapter XVIII-D(2) | Amount of transaction of one or more transaction for which ruling is sought | Fee |
| A | B | C | D |
| 1. | Seeking advance rulings in relation to the tax liability arising out of a transaction undertaken or proposed to be undertaken by a non-resident applicant under sub-clause (i) of section 380(a) or resident applicant under sub- clause (ii) thereof. | Amount less than one hundred crore rupees. | Rs. 200000 |
| Amount between one hundred crore rupees and three hundred crore rupees. | Rs. 500000 | ||
| Amount more than three hundred crore rupees. | Ten lakh rupees | ||
| 2. | Seeking advance rulings in relation to the tax liability of a resident applicant, arising out of a transaction undertaken or proposed to be undertaken by a resident applicant under section 380(a)(iii) | Amount between one hundred crore rupees and three hundred crore rupees. | Rs. 500000 |
| Amount more than three hundred crore rupees. | Ten lakh rupees | ||
| 3. | Any other applicant | In all cases | Rs. 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).