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of <h1>Valuers can apply for approval under section 77 using Form 8 with a fee; decisions made within 15 days.</h1> The Principal Commissioner or Commissioner must maintain a Register of Valuers listing individuals approved under section 77 of the Act. Those registered as valuers under the Wealth-tax Act, 1957, can apply for approval using Form 8, accompanied by a non-refundable fee of five thousand rupees. The Principal Commissioner or Commissioner is required to approve the applicant within fifteen days of receiving Form 8, unless the application contains incorrect or false details. In such cases, the applicant will be given a chance to be heard before any rejection of the application.
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