Wealth-Tax Act, 1957

Section - 34AB - Registration of valuers

Registration of valuers.

34AB. (1) The 51[Chief Commissioner or Director General] shall maintain a register to be called the Register of Valuers in which shall be entered the names and addresses of persons registered under sub-section (2) as valuers.

(2) Any person who possesses the qualifications prescribed52 in this behalf may apply to the 53[Chief Commissioner or Director General] in the prescribed form54 for being registered as a valuer under this section:

Provided that different qualifications may be prescribed for valuers of different classes of assets.

55(3) Every application under sub-section (2) shall be verified in the prescribed manner, shall be accompanied by such fees as may be prescribed and shall contain a declaration to the effect that the applicant will-

(i)- make an impartial and true valuation of any asset which he may be required to value;
(ii)- furnish a report of such valuation in the prescribed form;
(iii)- charge fees at a rate not exceeding the rate or rates prescribed in th .... To read the full section download the app from Google Play store