Standing Order No. 4162/2016 of the Law Department, Government of Assam dated 5th January, 2016 on the valuation of assets for the purposes of tax [C13-DDT]

Standing Order No. 4162/2016

GOVERNMENT OF ASSAM

Law Department, Government of Assam

Dispur, dated the 5th January, 2016

STANDING ORDER

To

All Assessings Officer of the charge,

Subject: The valuation of assets for the purposes of tax by registered valuers under the Assam Agricultural Income-tax Act, 1939, regarding.

In exercise of the powers conferred by section 9 of the Assam Agricultural Income-tax Act, 1939 (Assam Act 9 of 1939), the Law Department, Government of Assam hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the valuation of assets for the purposes of tax by registered valuers.

2. The matter has been examined. Every registered valuer carrying on the valuation of assets for the purposes of tax shall make an application in Form 26AS to the Joint Commissioner within thirty days, accompanied by a fee of one hundred rupees.

3. The Assessing Officer of the charge shall ensure that assessment is dealt with as directed above, and shall report compliance to the Joint Commissioner within thirty days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Law Department, Government of Assam.

(Secretary to Government)