Standing Order No. 1554/2017 of the Social Welfare Department, Government of Assam dated 20th June, 2017 on the valuation of assets for the purposes of tax [C1B-79N]

Standing Order No. 1554/2017

GOVERNMENT OF ASSAM

Social Welfare Department, Government of Assam

Dispur, dated the 20th June, 2017

STANDING ORDER

To

All Tax Recovery Officers,

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 Social Welfare 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 35 to the Joint Commissioner within sixty days, accompanied by a fee of five thousand rupees.

3. The Tax Recovery Officer shall ensure that books of account is dealt with as directed above, and shall report compliance to the Joint Commissioner within sixty days.

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

(Secretary to Government)