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of <h1>Clause 514 of the Income Tax Bill 2025 requires valuers to register and adhere to strict reporting and fee guidelines.</h1> The Income Tax Bill, 2025, under Clause 514, mandates the registration of valuers by the Principal Chief Commissioner or Chief Commissioner, or the Principal Director General or Director General. Individuals with the requisite qualifications can apply for registration, providing a declaration to conduct impartial valuations, submit reports in the prescribed format, charge fees within set limits, and avoid valuing assets where they have an interest. The register will include the names and addresses of registered valuers, and valuation reports must adhere to prescribed formats and verification methods.
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