The Central Board of Direct Taxes (CBDT) has extended the deadline for registration of valuers and authorized income-tax practitioners under the new Income-tax Act, 2025, to 31 March 2027, providing more time to professionals yet to complete their registration under the new tax law.
The earlier deadline was 30 September 2026. The change was notified late Wednesday through an amendment to the Income-tax Rules, 2026.
Background
The move assumes significance given the size of India’s professional valuation and tax ecosystem. The Insolvency and Bankruptcy Board of India (IBBI) currently lists 6,278 registered valuers, while the Institute of Chartered Accountants of India (ICAI) has more than 4.6 lakh members.
The update also introduces new application forms for professionals registering under the updated legislation. A valuer is an expert who assesses the worth of assets, including property, jewelry, machinery, shares, or artwork.
Valuer and Practitioner Rules
The revised Form 169, prescribed for registration as a valuer under section 514 of the Income-tax Act, 2025, requires applicants to provide details of their qualifications, previous employment and valuation experience, including a list of assets valued or work undertaken during the preceding three years. This form encompasses 11 asset categories, such as real estate, agricultural land, and artwork.
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As per the order, applicants seeking registration as valuers will also have to pay a ₹10,000 fee. However, valuers already registered under the Wealth-tax Act, 1957, will not have to pay the fee. The form also requires applicants to declare that they will undertake impartial valuations, submit reports in the prescribed format and not value assets in which they have a direct or indirect interest.
The CBDT has also replaced Form 171, used for registration as an authorized income-tax practitioner under section 515 of the new Act. The revised form seeks details including PAN, residential and professional addresses, educational qualifications, existing registration under the Income-tax Act, 1961, and details of any disqualification.
Applicants for registration as authorized income-tax practitioners are required to certify that they have been practising before income-tax authorities for at least one year. They must also certify that they have not previously applied for registration under the new Act before another Chief Commissioner or Commissioner of Income-tax.
The government has modified a procedural rule regarding electronic communication, replacing a clause that mentioned communication through digital signatures with the phrase ‘by way of an electronic communication.’
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