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Income-tax Rules, 2026 | Rule 246 of 333

Rule 246 - Application for registration as valuer under section 514

Reviewed by CA Nikhil Gupta · Last reviewed 29 August 2026

Local extract available Legacy mapping: New

246Rule number
1274Local text characters
1Linked Forms

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Source and status control

Primary authority: Notification No. 22/2026 / G.S.R. 198(E)

Currentness control: Base Rules effective 1 April 2026. Check later amendments, corrigenda and portal implementation before action.

Local statutory extract - official source controls

Rule text held in the production corpus

Valuer registration application. 246. (1) An application for registration as a valuer under section 514(2) shall be made in Form No. 169, verified accordingly, and accompanied by a non-refundable fee of Rs. 10,000. (2) An application already pending before the relevant authority as of 1 April 2026 is deemed to be an application under sub-rule (1), with no further fee required. (3) Where an applicant is found ineligible under the qualification criteria in rule 247, the fee already paid shall be refunded on application to the relevant authority. (4) A person registered as a valuer under the Wealth-tax Act, 1957 holding a valid certificate as of 31 March 2026 continues as a registered valuer under section 514, provided he updates his details by filing under sub-rule (1) by 30 September 2026; on filing a complete application, registration continues without re-verification of qualifications. (5) Applications under sub-rule (4) are exempt from the fee requirement. (6) A registered valuer must qualify in an examination within the period the Central Government specifies by notification. (7) Failure to qualify that examination within the specified period results in automatic cancellation of registration under section 514, effective on expiry of that period.

Local extract SHA-256: 4e294c1a7e95a9529b3ba28c313a830c2c304ca9e2b736d16733c9afee334e0e. This hash authenticates the local extract only; it does not certify that every amendment, table or Gazette footnote has been consolidated.

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Related sections

Use the title and official text to identify the governing section; no local section reference is asserted.

Related Forms

Form 169

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Consequence

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Transaction application

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Authority, consent and execution

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Cross-law overlays

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Effective date, amendment history, forms or utilities, filing channel, authentication method, due date, fees, transition from the 1962 Rules and any judicial interpretation.

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Official starting point
www.incometaxindia.gov.in

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