Wealth Tax
This query is : Resolved
Sandeep Keswani
(Querist)
28 November 2008
Pls tell me for how long is a Valuation Certificate valid for filing a Wealth Tax Return ? Whether a Valuation Certificate of year 2005 is valid for filing a return of year 2008 ?
CA Sanjeev Kr Jain
(Expert)
29 November 2008
it is to be obtained for each year
29 November 2008
Continuing Sanjeev, valuation report of jewellery for one assessment year can also be used for subsequent four years subject to adjustments specified in para 3 of circular No. 646 dated 15/3/1993 reported in 200 ITR (ST) 228.
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