RULE 248 INCOME-TAX RULES 2026
RULE 248 INCOME-TAX RULES 2026
Charging of fee and submission of valuation report under section 514.
248. (1) Subject to the provisions of sub-rules (2) and (3), the fees to be charged by a registered valuer for valuation of any asset shall not exceed the amount calculated at the following rates:—
| (a) | on the first Rs. 500000 of the asset as valued | 1/2% of the value; |
| (b) | on the next ten lakhs rupees of the asset as valued | 1/5% of the value; |
| (c) | on the next forty lakhs rupees of the asset as valued | 1/10% of the value; and |
| (d) | on the balance of the asset as valued | 1/20% of the value. |
(2) Where two or more assets are required to be valued by a registered valuer at the instance of an assessee, all such assets shall be deemed to constitute a single asset for the purposes of calculating the fees payable to such registered valuer.
(3) Where the amount of fees calculated in accordance with sub-rules (1) and (2) is less than Rs. 5000, the registered valuer may charge Rs. 5000 as his fees.
(4) The report of valuation by a registered valuer in respect of any asset under section 514(3), shall be in the Form No. 170.
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