Fee revision under section 245Q raises the minimum statutory fee and permits a prescribed higher fee to apply. The amendment substitutes the fixed lower fee in section 245Q(2) of the Income-tax Act with a provision establishing a higher minimum fee and authorising a prescribed fee to apply where greater, thereby enabling a delegated fee-setting mechanism; this change is effective from the 1st day of July, 2012.
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Fee revision under section 245Q raises the minimum statutory fee and permits a prescribed higher fee to apply.
The amendment substitutes the fixed lower fee in section 245Q(2) of the Income-tax Act with a provision establishing a higher minimum fee and authorising a prescribed fee to apply where greater, thereby enabling a delegated fee-setting mechanism; this change is effective from the 1st day of July, 2012.
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