Income Tax Advance Ruling - Fee
CBDT has amended the Income Tax Rules inter alia to fix the following fees for advance ruling
Category of applicant | Category of case | Fee |
|---|---|---|
An applicant referred to in sub-clauses (i) or (ii) or (iia) of clause (b) of section 245N | Amount of one or more transaction, entered into or proposed to be undertaken, in respect of which ruling is sought does not exceed Rs. 100 crore. | Rs. 2 lacs |
Amount of one or more transaction, entered into or proposed to be undertaken, in respect of which ruling is sought exceeds Rs. 100 crore but does not exceed Rs. 300 crore. | Rs. 5 lacs | |
Amount of one or more transaction, entered into or proposed to be undertaken, in respect of which ruling is sought exceeds Rs. 300 crore. | Rs. 10 lacs | |
Any other applicant | In all cases | Rs. 10000 |