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of <h1>Income-Tax Act Section 245Q Amended: Fee Increased from 2,500 to 10,000 or Prescribed Amount, Effective July 1, 2012.</h1> Section 245Q of the Income-tax Act has been amended to change the fee mentioned in sub-section (2). The previous fee of 'two thousand five hundred rupees' is now replaced with 'ten thousand rupees or such fee as may be prescribed in this behalf, whichever is higher.' This amendment takes effect from July 1, 2012, as per the Finance Act, 2012.
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