Office Memorandum No. 1621/2011/RASD of the Registration and Stamps Department, Government of Assam dated 18th January, 2011 on the valuation of assets for the purposes of tax [C1A-PDV]

No. 1621/2011/RASD

GOVERNMENT OF ASSAM

Registration and Stamps Department, Government of Assam

Dispur, dated the 18th January, 2011

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 Registration and Stamps 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 10 to the Principal Chief Commissioner within one hundred and twenty days, accompanied by a fee of one hundred 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 Principal Chief Commissioner shall dispose of it within one hundred and twenty days of its receipt.

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

(Secretary to Government)