CBDT extends deadline for registration of tax assessors and practitioners till March 2027 | Today’s news
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 by six months to March 31, 2027, giving more time to practitioners who are yet to complete registration under the new tax law. The previous deadline was September 30, 2026.
The change was announced late on Wednesday through the Income Tax Amendment Rules 2026. The move comes as the government transitions to the new Income Tax Act 2025 and the rules contained therein. The Income Tax Rules 2026 were initially announced in March and were last amended in July, according to the notification.
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 over 4.6 lakh members.
The notification also replaces the application forms that practitioners must use to register under the new law.
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Valuation rules
An appraiser is a professional who determines the value of property such as property, jewelry, machinery, stocks, or artwork. The revised Form 169, prescribed for registration as a valuer under Section 514 of the Income Tax Act of 2025, requires applicants to provide details of their qualifications, previous employment and valuation experience, including a list of valued assets or work done within the previous three years.
The form covers 11 asset classes, including real estate, agricultural land, plantations, forests, mines and quarries, stocks, shares and securities, machinery and equipment, jewellery, works of art, life interests and other assets. Separate applications are required for different asset classes.
According to the order, applicants who want to register as valuers will also have to pay a ₹10,000 fee. However, valuers who are already registered under the Wealth Tax Act, 1957 will not pay the fee.
The form also requires applicants to declare that they will conduct an impartial valuation, submit reports in a prescribed format and not value property in which they have a direct or indirect interest.
Practice rules
The CBDT has also replaced Form 171 which is 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 address, education, existing registration under the Income Tax Act, 1961 and details of any disqualification.
According to the announcement, applicants for registration as an authorized tax advisor are required to prove that they have been working with the tax authorities for at least one year. They must also certify that they have not previously applied for registration under the new Act with another Chief Commissioner or Commissioner of Income Tax, the company said.
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The government has also changed the procedural requirement regarding electronic communications. Under the amended rules, the provision that previously referred to communication by affixing a digital signature has been replaced by communication “by means of electronic communication”.
In line with the announcement, the government also made several changes to Rule 225, including the deletion of specific subrules and changes to provisions relating to certain procedures.
