TaxTMI 
TaxTMI 
Qualifications of registered valuers
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....vernment for recruitment to superior services or posts under the Central Government in the field of civil engineering, architecture or town planning; and] (ii) (A) he must be a person formerly employed- (a) in a post under Government as a gazetted officer; or (b) in a post under any other employer carrying a remuneration of not less than Rs. ^3[2,000] per month, and, in either case, must have retired or resigned from such employment after having rendered service for not less than ^4[ten] years as a valuer, architect or town planner, or in the field of construction of buildings, designing of structures, or development of land; or (c) as a professor, reader or lecturer in a university, college or any other institution preparing students for a degree in civil engineering, architecture or town planning, or for ^5[any qualif....
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....ltural Officer, Registrar under the Registration Act, 1908 (16 of 1908), or any other officer of equivalent rank performing similar functions and must have retired or resigned from such employment after having rendered service in any one or more of the posts aforesaid for an aggregate period of not less than five years. (4) A valuer of coffee plantation, tea plantation, rubber plantation or, as the case may be, cardamom plantation shall have the following qualifications, namely :- (i) he must have, for a period of not less than five years, owned, or acted as manager of a coffee, tea, rubber or, as the case may be, cardamom plantation having an area under plantation of not less than four hectares in the case of a cardamom plantation or forty hectares in the case of any other plantation; or (ii) he must be a person formerly employed in a post under Government as a Collector, Deputy Collector, Settlement Officer, Land Valuation Officer, Superintendent of Land Records, Agricultural Officer, Registrar under the Registratio....
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....sp; he must have been in practice as a chartered accountant or a cost and works accountant or a company secretary for a period of not less than ten years and his gross receipts from such practice should not be less than fifty thousand rupees in any three of the five preceding years, or] (B) he must be a person formerly employed- (a) in a post under Government as a gazetted officer, or (b) in a post under any other employer carrying a remuneration of not less than Rs. ^15[2,000] per month, and, in either case, must have retired or resigned from such employment after having rendered service for a period of not less than ^16[ten] years in the field of audit and accounts or taxation work ^17[,or] ^18[(c) as a Company Secretary ^19[or a Deputy Company Secretary] or an Assistant Company Secretary in a post carrying a remuneration of not less than Rs. ^20[2,000] per month and must have retired or resigned from such employment after having rendered....
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....e less than fifty thousand rupees in any three of the five preceding years:] ^30[Provided that in the case of a person, possessing a post-graduate degree in valuation of machinery and plant from a recognised university, the provisions of this sub-rule shall have effect as if,- (a) for the words "ten years", the words "two years" had been substituted; (b) for the words "fifty thousand rupees in any three of five preceding years", the words "fifty thousand rupees in any one of the two preceding years" had been substituted.] ^31[(9) A valuer of jewellery must have been, for a period of not less than five years, a sole proprietor or partner in a partnership firm carrying on jewellery business which has on an average an annual turnover of not less than rupees 15 lakhs ^32[or profit (including fees for valuation of not less than rupees fifty thousand)] in the last three accounting years immediately preceding the year in which the application for registration as a valuer is made by him.] ....
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.... such under Government or in the Life Insurance Corporation of India referred to in sub-clause (b) for an aggregate period of not less than ^35[ten] years. (12) No person shall qualify for registration as a valuer, other than as a valuer of works of art, if he is employed under Government or any other employer. (13) Notwithstanding anything contained in sub-rules (1) to (12), no person shall qualify for registration as a valuer if,- (a) he has been dismissed or removed from Government service; or (b) he has been convicted of an offence connected with any proceeding under the Income-tax Act, 1961 (43 of 1961), or the Wealth-tax Act, 1957 (27 of 1957), or the Gift-tax Act, 1958 (18 of 1958), or a penalty has been imposed on him under clause (iii) of sub-section (1) of section 271 or clause (i) of section 273 of the Income-tax Act, 1961, or under clause (iii) of sub-section (1) of section 18 of the Wealth-tax Act, 1957, or under clause (iii) of sub-section (1) of section 17 of the G....
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....p; (i) rendered service in any capacity, or (ii) taught any subject, or (iii) practised any profession, or (iv) gained experience in any other capacity or field, as specified therein, shall be deemed to have been fulfilled if the period for which the applicant has rendered such service, taught such subject, practised such profession or otherwise gained experience in such other capacity or field, taken either singly or collectively, is not less than ten years or five years, as the case may be, in the foregoing sub-rules.] Explanation ^40[1].-In this rule, "recognised University" means any of the universities specified below, namely:- I. Indian Universities : Any Indian University incorporated by any law for the time being in force. II. Rangoon University. &nb....
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....les, 1988, w.e.f. 1-6-1988. Before it was read as:- "five" 7. Substituted vide Wealth-tax (Amendment) Rules, 1993, w.e.f. 8-2-1993. Before substitution, sub-clause (B), as amended by the Wealth-tax (Second Amendment) Rules, 1988, w.e.f. 1-6-1988, read as under : "(B) he must have been in practice as a consulting engineer, surveyor or architect for a period of not less than ten years and must have, in the opinion of the Board, acquired sufficient experience in any of the following fields :- (a) valuation of buildings and urban lands; (b) quantity surveying in building construction; (c) architectural or structural designing of buildin....
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....24. Inserted vide Wealth-tax (First Amendment) Rules, 1997, w.e.f. 5-3-1997. 25. Substituted vide Wealth-tax (Second Amendment) Rules, 1988, w.e.f. 1-6-1988. Before it was read as:- "five" 26. Substituted vide Wealth-tax (Amendment) Rules, 1977, w.e.f. 12-1-1977. 27. Substituted vide Wealth-tax (Second Amendment) Rules, 1988, w.e.f. 1-6-1988. Before it was read as:- "five" 28. Substituted vide Wealth-tax (Amendment) Rules, 1993, w.e.f. 8-2-1993. Before substitution, sub-clause (B), as amended by the Wealth-tax (Second Amendment) Rules, 1988, w.e.f. 1-6-1988, read as under : "(B) he must have been in practice as a consulting engineer for a period of not less than ten years and must have, in the opinion of the Board, acquired sufficient experience in the valuation of machinery and plant." 29. Inserted vide Wealth-tax (First Amendment) Rules, 1997, w.e.f. 5-3-1997. 30. Inserted vide Wealth-tax (First Amendment) Rules, 1997, w.e.f. 5-3-1997. 31. Substituted for the following sub-rule (9) by the Wealth-tax (Second Amendment) Rules, 1988, w.e.f. 1-6-1988 : "(9) A valuer of jewellery must have been, for a period of not less than five years, a sole proprietor or ....