Standing Order No. 3785/2021 of the Home Department, Government of Assam dated 27th November, 2021 on the valuation of assets for the purposes of tax

Standing Order No. 3785/2021

GOVERNMENT OF ASSAM

Home Department, Government of Assam

Dispur, dated the 27th November, 2021

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 Home 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 10 to the Director General of Income-tax within fifteen days, accompanied by a fee of one hundred rupees.

3. The Assessing Officer of the charge shall ensure that refund is dealt with as directed above, and shall report compliance to the Director General of Income-tax within fifteen days.

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

(Secretary to Government)