Section 15: Approved valuer under section 77

Q: What does Section 15 of The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015 (TUFIAITR) deal with?

Section 15 TUFIAITR pertains to "Approved valuer under section 77". It is part of the The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015, a legislation enacted by the Parliament of India. Section 15 of The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015 (TUFIAITR) governs approved valuer under section 77. As verified on 19 May 2026.

Q: Is Section 15 TUFIAITR still in force?

Yes, Section 15 of the The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015 is currently in force across the Republic of India.

Q: What is धारा 15 TUFIAITR?

धारा 15 TUFIAITR is the Devanagari Hindi reference for Section 15 of the The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015. Section 15 of The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015 (TUFIAITR) governs approved valuer under section 77. As verified on 19 May 2026.

Q: What is Dhara 15 TUFIAITR?

Dhara 15 TUFIAITR is the Roman Hindi reference for Section 15 of the The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015. "Dhara" means "Section" in Hindi. Section 15 of The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015 (TUFIAITR) governs approved valuer under section 77. As verified on 19 May 2026.

Q: How to cite Section 15 of The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015?

Cite as: "Section 15, The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015 (TUFIAITR)" in legal briefs. For academic writing, use the BlueBook format: The Undisclosed Foreign Income and Assets (Imposition of Tax) Rules, 2015, § 15 (India).

Law on Tips Editorial Board

(1)

The Principal Commissioner or Commissioner shall maintain a register to be called the Register of Valuers in which the names and addresses of persons approved under sub-section (1) of section 77 of the Act shall be entered as valuers.

(2)

Any person who is registered as a valuer under section 34AB of the Wealth-tax Act, 1957 (27 of 1957), may apply to the jurisdictional Principal Commissioner or Commissioner for being approved as valuer under sub-section (1) of section 77 of the Act.

(3)

An application for approval as a valuer under sub-rule (2) shall be in Form 8 and shall be verified in the manner specified therein and shall be accompanied by a fee of rupees five thousand which shall not be refunded.

(4)

Subject to the provisions of sub-rule (5), the Principal Commissioner or Commissioner shall, within fifteen days from the end of the month in which Form 8 is received, approve such person as valuer under sub-section (1) of section 77 of the Act.

(5)

The Principal Commissioner or Commissioner on being satisfied that the details furnished in Form 8 are incorrect or false may, after providing a reasonable opportunity of being heard, reject the application for approval as a valuer under sub-section (1) of section 77 of the Act.]

Appendix

Form 1

[See rule 5]

Notice of demand

To..................................................................................................

Status......................PAN........................