Appearance by registered valuer in certain matters
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 513(1) of Income Tax Act 2025
513(1) Any assessee, entitled or required to attend before any income-tax authority or the Appellate Tribunal in matters relating to the valuation of any asset, may attend through a registered valuer.
Section 513(2) of Income Tax Act 2025
513(2) The provisions of sub-section (1) shall not apply, where the assessee is required to attend personally for examination on oath or affirmation under section 246.
Section 513(3) of Income Tax Act 2025
513(3) In this section, “registered valuer” means a person registered as a valuer under section 514.
Here are some possible FAQs related to the appearance of a registered valuer under Section 513 of the Income Tax Act, 2025:
FAQs on Appearance by Registered Valuer in Certain Matters
1. Who can appear before the Income-tax authority or the Appellate Tribunal for asset valuation matters?
An assessee who is entitled or required to attend before any income-tax authority or the Appellate Tribunal regarding asset valuation may appear through a registered valuer as per Section 513(1) of the Income Tax Act, 2025.
2. Can an assessee always be represented by a registered valuer?
No, as per Section 513(2), if the assessee is required to appear personally for examination on oath or affirmation under Section 246, they cannot be represented by a registered valuer.
3. What is the definition of a “registered valuer” under this Act?
A “registered valuer” is a person who is registered as a valuer under Section 514 of the Income Tax Act, 2025, as stated in Section 513(3).
4. In what scenarios can a registered valuer appear on behalf of an assessee?
A registered valuer can appear in cases where valuation-related matters are under consideration before the income-tax authorities or the Appellate Tribunal, except when personal examination on oath is required.
5. Is it mandatory for an assessee to appoint a registered valuer?
No, it is not mandatory. The assessee has the option to appear personally or be represented by a registered valuer for valuation-related matters.
6. What happens if an assessee is required to appear personally under Section 246?
If an assessee is required to attend personally for an examination on oath or affirmation under Section 246, they cannot be represented by a registered valuer in that specific instance.
7. How can a person become a registered valuer under this Act?
To become a registered valuer, a person must fulfill the requirements specified under Section 514 of the Income Tax Act, 2025, and obtain official registration as a valuer.
Under Section 513 of the Income Tax Act, 2025, an assessee can appear before income-tax authorities or the Appellate Tribunal through a registered valuer for matters related to asset valuation, except when personal examination on oath under Section 246 is required. A “registered valuer” is defined under Section 514, and while appointing one is optional, it can be beneficial for valuation-related proceedings.
