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of <h1>Amendment to Wealth-tax Rules: New Fee Structure for Registered Valuers Effective April 1, 2009, with Minimum Fee of Rs. 500.</h1> The Wealth-tax (First Amendment) Rules, 2009, effective from April 1, 2009, amend the Wealth-tax Act, 1957 by replacing rule 8C. The amendment specifies the scale of fees for registered valuers assessing asset values. Fees are structured as follows: 0.5% on the first Rs. 5,00,000, 0.2% on the next Rs. 10,00,000, 0.1% on the next Rs. 40,00,000, and 0.05% on the remaining asset value. When multiple assets are valued for a single assessee, they are considered a single asset for fee calculation. If the calculated fee is below Rs. 500, a minimum fee of Rs. 500 applies.
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