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of <h1>New Section 34AE in Wealth-tax Act: Registered Valuers Must Reapply by September 1988 to Maintain Status.</h1> In Chapter VIIB of the Wealth-tax Act, a new section, 34AE, is added effective June 1, 1988. It mandates that all individuals listed as registered valuers before this date must reapply for registration within three months if they wish to remain registered. The application process will follow the provisions and rules of section 34AB, including application verification, fees, and required declarations. Additionally, any applications pending before the Board as of June 1, 1988, will be considered as received by the Chief Commissioner or Director General under the new section.
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