Valuer registration qualifications set detailed eligibility, disqualifications, and asset-wise criteria for income tax valuation practice. Rule 247 lays down the qualifications for registration as a valuer for different classes of assets under section 514, including immovable property, agricultural lands, plantations, forests, mines and quarries, stocks and securities, machinery and plant, jewellery, works of art, and life interests or reversions. It specifies academic, professional, employment, practice, experience, turnover, and gross receipt requirements for each asset class, while providing that qualifications for other assets are to be determined by the designated tax authority. The rule also sets out disqualifications, defines recognised University, allows aggregation of qualifying periods, and prescribes disposal of applications within the stated time.