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Web Page for PVAI members
PVAI is creating web page for each individual members, Please submit your all details, Resume, Fields of specialization, Work completed etc & photo etc, By Soft copy
Email - pvaiorg@gmail.com
First Revised Edition -2008 of Indian Valuation Standards
First Revised Edition -2008 of Indian Valuation Standards is relised on 20th Aug. 2008 at Indore, Continuing Education Programme 2008, at Hotel Infiniti, by Hon. V.S. Kogje Retired Governer Himachal Predesh & Mr. Elvin Ferandez, Chairman International Valuation Standards Committee U.K
President attended IVSC meeting at Beijing, China
President of Practising Valuers Association, India,Anup A.Mohabansi, attended IVSC Standards Board Meeting,and Annual Meeting from .at Hotel THE PENNINSULA Beijing China.
Seminar on Indian Valuation Standards
Practicing Valuers Association, India, in association with Institution of Enginers (India), Maharashtra State centre and Indian Society of Structural Engineers Mumbai will present the new Indian Valuation Standards published In August 2008 during the CEP at Indore.
The necessity and various aspects of Indian Valuation Standards will be presented and discussed in view of the new Valuers Bill to be presented in the ensuing Loksabha session.

Venue - Institution of Engineers
Maharashtra State Centre,
15, Haji Ali Park,
P. Khadye Marg, Mumbai.
Date - 10 th January 2009.
Time - 3.00 P.M.

All Architects and Engineers are invited. Pl. register your name with us by email to attend.
Continuing Education Programme 2008 at Indore
PVAI announance Continuing Education Programme 2008 will be at INDORE
Theme of the CEP will be | FUTURE TRENDS IN VALUATION REPORT WRITING |
IVSC Meeting at Kaula Lumpur , Malaysia
President Anup Mohabansi and Secretary Jagdish Gadkari, attended the General Body Meeting held at Hotel Mandarian Oriental, Kaula Lumpur , Malaysia and Valuation Standard Board Meeting on 24th and 25th of Oct . 2008
Seminar on Indian Valuation Standards
On 7 th february 2009, from 1830 to 2030 -- SEMINAR ON Indian Valuation Standards jointly by IOE, Vadodara and PVAI will be held at Vasvik Auditorium, Race Course, Vadodara
followed by dinner
For registration contact Shri R.K. Patel, on rajupatel18@hotmail.com for regn.
CBDT Notification for revision of fees with effect from 1 st April 2009
Revised fee structure by CBDT

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,

PART-II, SECTION 3, SUB-SECTION (ii)]

GOVERNMENT OF INDIA, MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, dated the 30th January, 2009

WEALTH-TAX

S.O. 379(E).- In exercise of the powers conferred by section 46 of the Wealth-tax Act, 1957 (27 of 1957), the Central Board of Direct Taxes hereby makes the following further amendments in the Wealth-tax Rules, 1957, namely:-

1. (1) These rules may be called the Wealth-tax (First Amendment) Rules, 2009.

(2) They shall come into force with effect from 1st April, 2009.

2. In the Wealth-tax Rules, 1957, for rule 8C, the following rule shall be

substituted, namely:-

[Scale of fees to be charged by a registered valuer.

8C. (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, namely:

(a) On the first Rs.5,00,000 of the asset as valued 1/2 per cent of the value;

(b) On the next Rs. 10 lakhs of the asset as valued 1/5 per cent of the value;

(c) On the next Rs.40 lakhs of the asset as valued 1/10 per cent of the value;

(d) On the balance of the asset as valued 1/20 per cent 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.500, the registered valuer may charge Rs.500 as his fees.

[Notification No.15/2009/F.No.149/144/2008-TPL]

(V.Vizay Babu), Under Secretary (TPL-III).




Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii) vide number S.O 3384 (E) dated the 18th October, 1957 and last amended by Wealth-tax (1st Amendment) Rules, 2007 vide number S.O. 1375 (E) dated the 7th August, 2007.
 
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RAJAN R. KAPILE
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Off. No. 659, A-Wing, Second Floor, Market Shopping Complex, Dindori Road, Panchavati, Nashik-422003
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JAGDISH. K. GADKARI
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9822050276, 9421917363, (0253)2501293
ASHOK KELKAR
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Tel: 022 24141871, Mob-09322224705
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PH. +91 098231 96262, 09325112073, [0240] 2335704, 233801
 
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