Section 287A of Income Tax Act for AY 2023-24

Section 287A of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules. Appearance by registered valuer in certain matters.

Amended and updated notes on section 287A of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to Appearance by registered valuer in certain matters.

Chapter XXIII (Sections 281 to 298) of the Income Tax Act 1961 deals with the provisions related to Miscellaneous. Section 287A of IT Act 1961 provides for Appearance by registered valuer in certain matters.

Recently, we have discussed in detail section 287 (Publication of information respecting assessees in certain cases) of IT Act 1961. Today, we learn the provisions of section 287A of Income-tax Act 1961. The amended provision of section 287A is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 287A of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.

Section-287A: Appearance by registered valuer in certain matters

Any assessee who is entitled or required to attend before any income-tax authority or the Appellate Tribunal in connection with any matter relating to the valuation of any asset, otherwise than when required under section 131 to attend personally for examination on oath or affirmation, may attend by a registered valuer.

Explanation: In this section, “registered valuer” has the same meaning as in clause (oaa) of section 2 of the Wealth-tax Act, 1957 (27 of 1957).


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