Applicability of PWD or CPWD rates in valuation by DVO

[MANISH KHANNA]

When is it appropriate for valuation to be done by adopting PWD rates instead of CPWD rates as done by DVO?.

[DR.MARIAPPAN GOVINDARAJAN]

For income tax purposes?

AI Summary

Valuation rates applicability: whether PWD or CPWD rates should guide DVO valuation in income tax assessments. Applicability of PWD versus CPWD rates in valuation by the District Valuation Officer for income tax assessments: the query asks whether valuation should adopt PWD rates instead of CPWD rates, and the sole reply requests clarification whether the question concerns income tax purposes, offering no substantive guidance on selecting between the two rate schedules.