Office Memorandum No. 4806/2022/ED of the Environment Department, Government of Assam dated 24th August, 2022 on the valuation of assets for the purposes of tax [C19-S24]

No. 4806/2022/ED

GOVERNMENT OF ASSAM

Environment Department, Government of Assam

Dispur, dated the 24th August, 2022

OFFICE MEMORANDUM

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

1. The undersigned is directed to say that references have been received in the Environment Department, Government of Assam on the manner in which the valuation of assets for the purposes of tax by registered valuers is to be regulated under the Assam Agricultural Income-tax Act, 1939.

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 35 to the Board within twenty-one days, accompanied by a fee of two hundred and fifty rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the valuation of assets for the purposes of tax is undertaken, and the Board shall dispose of it within twenty-one days of its receipt.

4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Environment Department, Government of Assam.

(Secretary to Government)