MY SPACE Engineers Consultants Valuers

03/01/2025

Upcoming new project in Singasandra, south Bangalore

31/10/2024

13/09/2024

Started new project in Singasandra, south Bangalore

22/03/2023

New project at coimbatore appanaickenpatti for Mr. Karthi

28/01/2022

QUESTION & OPINION

Question:

I am a Civil Engineer. Whether I am eligible to become a Registered Valuer for

1. Wealth Tax Act, 1957
2. Companies Act, 2013
3. Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
4. Prevention of Money Laundering Act, 2002
5. Enemy Property Act, 1968

Opinion:

1. If you are a B.E. / B.Tech graduate in Civil Engineering with 10 (Ten) years of experience or a Post Graduate in Valuation of real estate (from a recognised university) with 2 (Two) years of experience, you are eligible to apply as Registered Valuer under section 34AB of Wealth Tax Act, 1957.

There is no need to write any examination.

2. If you are a B.E. / B.Tech graduate in Civil Engineering with 5 (Five) years of experience in valuation and if you have passed the examination conducted by Insolvency and Bankruptcy Board of India (IBBI) you are eligible to become a Registered Valuer under rule 3 of the Companies (Registered Valuers and Valuation) Rules, 2017.

3. If you are already a Registered Valuer under section 34AB of Wealth Tax Act, 1957, you are eligible to apply for Registration as Valuer under section 77(1) of Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

4. There is no exclusive Registration of Valuers under Prevention of Money Laundering Act, 2002.

5. There is no exclusive Registration of Valuers under Enemy Property Act, 1968.

Thanks for article shared by Mr. Divakar coimbatore
Regards
Saravana
MY SPACE

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