Wealth tax

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GAURAV (Querist)
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26 September 2014 SIR IN NEW FORM BB THERE IS A REQUIREMENT OF DETAILS ABOUT REGISTERED VALUER FOR IMMOVABLE PROP. BUT IF WE CALCULATED VALUE OF IMMOVABLE PROPERTY AS PER RULE 3 TO 8 OF VALUATION RULE, DO WE HAVE TO STILL VALUED PROPERTY THROUGH REGISTERED VALUER??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 September 2014 yes as while applying rule 3-8, it will require valuation as per sch III.

GAURAV

GAURAV (Querist)
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26 September 2014 but then what is the use of rule 3 to 8 or 14 & 15 if we have to value immovable property by valuer. I have read the requirement of valuer only for jewelary exceeding 5 lacs

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 September 2014 you need to compare the value for taking it for wealth tax purpose

GAURAV

GAURAV (Querist)
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26 September 2014 sir that means e value property as per rule 3 to 8 & also take valuers certificate in this regard & compare both

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 September 2014 yes u need to else how will u get figures?

GAURAV

GAURAV (Querist)
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26 September 2014 sir please guide me the link for registred valuer who do such job & how much days it takes to get certificate?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 September 2014 you need to appoint a local valuer only where u stay just meet any real estate agents they know them very well but beaware as they might keep their commision in it alsdo

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