1 April 2026
Income-tax Rules, 2026 define eleven separate registered-valuer classes
The Income-tax Rules, 2026, made under section 514 of the Income-tax Act, 2025, set out eleven distinct classes of registered valuer, with separate registration required for each. Jewellery is class 8, alongside separate classes for immovable property, agricultural land, plantations, forests, mines and quarries, securities and business assets, machinery and plant, works of art, life interests, and any other asset.
What it means in practice
Registration is narrower than most people assume. A valuer registered for immovable property is not thereby registered for jewellery or for plant and machinery. When engaging a valuer, ask which class they hold for the specific asset rather than whether they are 'a registered valuer'.