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of <h1>Rule 8D of Wealth Tax Rules, 1957: Standardized Valuation Forms for Assets to Ensure Accurate Wealth Tax Reporting.</h1> The Wealth Tax Rules, 1957, specifically Rule 8D, outline the required forms for valuation reports by registered valuers for various asset types. Different assets, such as immovable property, agricultural lands, plantations, forests, mines, stocks, machinery, jewelry, art, and life interests, each have designated forms (Form O-1 to Form O-10) for valuation. These forms ensure standardized reporting and verification of asset valuations for wealth tax purposes. This rule was amended to include these provisions effective from November 15, 1972.
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