Rule 248 of Income Tax Rules - Charging of fee and submission of valuation report under section 514

Last Updated: 01-04-2026

248. Charging of fee and submission of valuation report under section 514.^{^[i]}

(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:–

(a)	on the first ₹ 500000 of the asset as valued	1/2 % of the value;
(b)	on the next ten lakhs rupees of the asset as valued	1/5 % of the value;
(c)	on the next forty lakhs rupees of the asset as valued	1/10 % of the value; and
(d)	on the balance of the asset as valued	1/20 % 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 ₹ 5000, the registered valuer may charge ₹ 5000 as his fees.

(4) The report of valuation by a registered valuer in respect of any asset under section 514(3), shall be in the Form No. 170.

[i] This Rule was inserted by N No. 22/2026 dt. 20-03-2026 wef 01-04-2026.

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Rule 248 of Income Tax Rules - Charging of fee and submission of valuation report under section 514