Rule 9
Matters To Be Taken Into Consideration While Doing valuation And Assessing Wealth Tax Under Section 8 Of The Act
9. Matters to be taken into consideration while doing valuation and assessing wealth tax under Section 8 of the
Act: In valuating the house and land and foreign investment of any person and assessing the wealth tax thereon under Section 8 of the Act, the Wealth Tax Officer has to take into consideration of the following matters as far as possible:-
(a) The secret report, if any, made by the tax inspector or any one else, and
(b) the survey and measurement of or deed of public inquiry held in respect of, such house and land, if any, done or held by the tax inspector or any one else.
Act: In valuating the house and land and foreign investment of any person and assessing the wealth tax thereon under Section 8 of the Act, the Wealth Tax Officer has to take into consideration of the following matters as far as possible:-
(a) The secret report, if any, made by the tax inspector or any one else, and
(b) the survey and measurement of or deed of public inquiry held in respect of, such house and land, if any, done or held by the tax inspector or any one else.