WEALTH TAX RULES, 1957


 

Rule - 1 Short title and commencement

Rule - 1A Definitions

Rule - 1AA Prescribed authority for the purposes of section 5

(1)(xxxiv) 

Rule - 1B Valuation of life interest

Rule - 1BB Valuation of house

Rule - 1C Market value of unquoted preference shares

Rule - 1D Market value of unquoted equity shares of companies other than investment companies and managing agency companies

Rule - 2 Valuation of interest in partnership or association of persons

Rule - 2A Determination of the net value of assets of business as a whole

Rule - 2B Adjustments in the value of an asset disclosed in the balance sheet

Rule - 2C Adjustments in the value of an asset not disclosed in the balance sheet

Rule - 2D Value of certain assets not to be taken into account

Rule - 2E Value of certain liabilities not to be taken

Rule - 2F Liabilities not disclosed in the balance sheet

Rule - 2G Special provision for exclusion of certain assets and liabilities shown in the balance sheet

Rule - 2H Valuation of assets forming part of industrial undertaking

Rule - 2-I Valuation of interest in assets of industrial undertaking belonging to a firm or association of persons  

Rule - 3 Form of return of net wealth

Rule - 3A Jurisdiction of Valuation Officers

Rule - 3B Conditions for reference to Valuation Officers

Rule - 3C Inspection

Rule - 4 Notice of demand

Rule - 4A Form of application for settlement of case and intimation to the Assessing Officer

Rule - 4AA Disclosure of information in the application for settlement of cases

Rule - 4B Fee for furnishing copy of report

Rule - 4C Avoidance of repetitive appeals

Rule - 5 Appeal to the Commissioner (Appeals)

Rule - 5A Production of additional evidence before the Deputy Commissioner (Appeals) and Commissioner (Appeals)

Rule - 6 Form of appeal to Appellate Tribunal

Rule - 7 Application for reference to High Court

Rule - 8 Authorised representatives

Rule - 8A Qualifications of registered valuers

Rule - 8B Application for registration as valuer

Rule - 8BB Furnishing of particulars in certain cases

Rule - 8C Scale of fees to be charged by a registered valuer

Rule - 8D Form of report of valuation by registered valuer

Rule - 8E Registered valuer when to be guilty of misconduct in his professional capacity for purposes of section 34AD

Rule - 8F Charge sheet 

Rule - 8G Inquiry Officer

Rule - 8H Proceedings before Inquiry Officer

Rule - 8-I Order of the Chief Commissioner or the Director General

Rule - 8J Procedure if no Inquiry Officer appointed

Rule - 8K Change of Inquiry Officer

Rule - 8L Powers of Board and Inquiry Officer

Rule - 8M Furnishing of particulars in certain cases

Rule - 9 Disclosure of information respecting assesses

Rule - 10 Search and seizure

Rule - 10A Requisition of books of account, etc.

Rule - 11 Prescribed authority

Rule - 12 Procedure to be followed in calculating interest

Rule - 13 Forms for certificate of valuation of shares/jewellery, etc.

 

 

 

 

 

WHY CHOOSE US?

We are team of professionals having vast experience in business setup and post compliances. We have helped hundreds of business in their set up and compliances. We use this knowledge and expertise to help our clients to take their business to the next level with results driven solutions.

OUR VISION

We believe in offering top quality and timely services. “To be a quality service provider, supporting global client base in their accounting, transaction, legal and taxation requirements.”We are a company of promise and possibilities. Each day represents a fresh opportunity to share Our Vision.

OUR MISSION

Our mission is to provide One-Stop solution to our clients for their business, financial and regulatory requirements.
We focus on timely, innovative, proactive and independent assurance, financial and tax services to our client and optimize stakeholders' value.

OUR OBJECTIVE

Our objective is to create and sustain long term relationship with our clients and provide one stop solutions for their requirements.

Our employees ideas and inspiration create opportunities constantly, and without limits.


Services

Taxation

Enhancing a stakeholder value is a fundamental concept, which drives every management effort in the modern business environment. Progressive and bottom – line focused managements have realized that taxes should be viewed as a dynamic item of cost, rather than a passive charge on the profits....

Read More

Advisory Service

Managing Risk to enhance performance to truly manage risk, it is vital to enable the right frameworks. We help enhance your business performance by building strong risk management frameworks into the very core of your business processes. This enables us to minimize...

Read More

Assurance

Our assurance services include Statutory audit, Tax audit and Special audits. We carry out audit of financial statements prepared in accordance with various GAAP's (IGAAP/US GAAP / IFRS / other international GAAP) under applicable auditing standards. Our audit methodology is compliant...

Read More

Admin Login

Employee Login

Get in Touch