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?.

AI Summary

Clarification Sought on When Valuation Officers Should Use PWD vs. CPWD Rates for Property Valuation in Tax Assessments A query was raised regarding the appropriate circumstances under which the Valuation Officer (DVO) should use Public Works Department (PWD) rates instead of Central Public Works Department (CPWD) rates for property valuation in the context of income tax assessments. The discussion, initiated in February 2018 and last replied to in July 2018, received a response from a participant questioning if the context was specifically related to income tax purposes.