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Scale of fees to be charged by a registered valuer has been revised substantially under wealth tax as applicable to Income Tax Also |
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| 3-2-2009 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vide NOTIFICATION NO. 15/2009, DATED 30-1-2009 Wealth-tax (First Amendment) Rules, 2009., central government has amended the Rule 8C of the Wealth Tax Rues, 1957 as applicable to Income Tax also to revise the scale of fee substantially. Now a valuer is entitled to get more fees for an asset having value upto 15 lakhs. But, for an asset having value more than 15 lakhs, new fees shall be lower than earlier.
From the above table, it can be seen that a valuer is entitled to get more fees in case of value of asset is less than Rs. 92,50,000. On the contrary he would be getting less fees in case the value of asses is more than Rs. 92,50,000. |
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