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:—

On the first Rs. 50,000 of the asset as valued 1/2 per cent of the value;

On the next Rs. I lakh of the asset as valued 1/4 per cent of the value;

On the balance of the asset as valued 1/8 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. 50, the registered valuer may charge Rs. 50 as his fees.

Form of report of valuation by registered valuer.

D. The report of valuation by a registered valuer in respect of any asset

specified in column (1) of the Table below shall be in the Form specified in

the corresponding entry in column (2) thereof and shall be verified in the manner

indicated in such Form —

TABLE

1	2
(i) Immovable property (other than agricultural lands , plantations , forests , mines and quarries )	Form 0-1
(ii) Agricultural lands (other than coffee , tea , rubber and cardamom plantations )	Form 0-2
(iii) Coffee , tea ,rubber or cardamom plantations	Form 0-3
(iv) Forests	Form 0-4
(v) Mines and quarries	Form 0-5
(vi) Stocks , shares , debentures , securities , shares in part- nership firms and business assets including goodwill but excluding those referred to in any other item in this Table	Form 0-6
(vii) Machinery and plant	Form 0-7
(viii) Jewellery	Form 0-8
(ix) Works of art	Form 0-9
(x) Life interest , reversions and interest in expectancy	Form 0-10
Registered valuer When to be guilty of misconduct in his professional capacity for purposes of section 34AD