TMI BlogScale of fees to be charged by a registered valuer has been revised substantially under wealth tax as applicable to Income Tax AlsoX X X X Extracts X X X X X X X X Extracts X X X X ..... Scale of fees to be charged by a registered valuer has been revised substantially under wealth tax as applicable to Income Tax Also - Commentaries / Editorials Dated:- 3-2-2009 - News - 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 rev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ise 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. Value of The Asset Old Fees New Fees Impact Rs. Rs. Rs. 1,00,000 375 500 Increased Rs. 2,00,000 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 562.50 1000 Rs. 5,00,000 937.50 2500 Rs. 7,50,000 1250 3000 Rs. 10,00,000 1562.50 3500 Rs. 15,00,000 2187.50 4500 Rs. 20,00,000 2812.50 5000 Rs. 30,00,000 4062.50 6000 Rs. 40,00,000 5312.50 7000 Rs. 50,00,000 6562.50 8000 Rs. 75,00,000 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9887.50 11000 Rs. 92,50,000 11875 11875 Break-even Rs. 1,00,00,000 12812.50 12250 Decreased Rs. 1,50,00,000 19062.50 14750 Rs. 2,00,00,000 25312.50 17250 And so on 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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