Government Order No. 2446/2018/FD of the Finance Department, Government of Assam dated 24th August, 2018 on the valuation of assets for the purposes of tax [N15-X61]

No. 2446/2018/FD

GOVERNMENT OF ASSAM

Finance Department, Government of Assam

Dispur, dated the 24th August, 2018

GOVERNMENT ORDER

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

1. In the circumstances reported by the Deputy Commissioner, the Government of Assam, after careful examination, hereby orders that every registered valuer carrying on the valuation of assets for the purposes of tax shall furnish Form 16 to the Principal Chief Commissioner within thirty days.

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 16 to the Principal Chief Commissioner within thirty days, accompanied by a fee of five thousand 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 thirty days of its receipt.

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

(Secretary to Government)