Wealth Tax Act-Rule 8A-Qualification for registration as a valuer of immoveable property.

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..... tural land, plantations, forests, mines and quarries). One such qualification is laid down in Rule 8A(2)(ii)(B) which states that person can be registered as a valuer of Immovable Property if such person has been in practice as a consulting engineer, surveyor or architect for a period of not less than five years (vide W.T.(Second Amendment)Rules, 1988 10 years has been substituted in place for 5 y .....

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..... and plant". In a Board meeting held on 8.7.77 to discuss what criteria can be followed in respect of Rule 8A(2)(ii)(B) and Rule 8A(8)(ii)(B), the para (6), of the 'Brief' read as follows:- "..... it is proposed that ordinarily the following criterion may be applied by the Board to form the opinion that the applicant has acquired sufficient experience in relevant fields;- i. The gross receipt .....

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