Payment of application fee under section 264 of Income Tax Act

[Bhag Chand Jain]

I want to file an application under section 264 of the Income Tax Act. Please let me know how to pay application fee towards this application.

I am not finding suitable Major Minor heads in challan 280.

Can you confirm amount of fee?

I understand that it is to be filed in physical form only.

Thanks

bc jain

[YAGAY andSUN]

With reference to the proposed filing of a revision application under Section 264 of the Income-tax Act, 1961, kindly note the following:

1. Prescribed Fee
   As per the provisions of the Act read with the applicable rules, a revision application under Section 264 is required to be accompanied by a fee of Rs. 250 per application. In case the revision pertains to more than one assessment year, the prescribed fee shall be payable separately for each assessment year.
2. Mode of Payment
   The application fee may be remitted through Challan No. ITNS 280.
3. Challan Details
   The challan may be filled as under:
   • Major Head: 0021 - Income-tax (Other than Companies) (or 0020 - Corporation Tax, as applicable)
   • Minor Head: 300 - Self Assessment Tax
   • Amount: Rs. 250 to be entered in the "Others" column.

Since the challan structure does not provide a specific minor head for revision application fees, the above combination is generally adopted in practice.

1. Submission of Application
   The revision petition under Section 264 is ordinarily required to be filed in physical form before the jurisdictional Principal Commissioner/Commissioner of Income-tax, along with:
   • Proof of payment of the prescribed fee (challan copy),
   • Copy of the order/intimation sought to be revised,
   • Statement of facts and grounds of revision, and
   • Relevant supporting documents.

Kindly ensure that the challan payment details (CIN) are enclosed with the application at the time of submission.

[Bhag Chand Jain]

Thanks for Reply

AI Summary

Revision application fee under Section 264 must be paid via Challan 280 and proof enclosed with filing. Application under Section 264 requires a prescribed fee of Rs. 250 per application, payable separately for each assessment year; payment is made via Challan No. ITNS 280 using Major Head 0021 (or 0020), Minor Head 300 with the amount entered under 'Others'. The physical revision petition must include the challan copy as proof of payment, the order/intimation sought to be revised, a statement of facts and grounds, relevant supporting documents, and the challan identification (CIN).