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Phase V: Reconciliation
International Valuation Std. 105
2)Valuer has to personally visit the site and carry out survey
A) Observed deterioration
Income Tax website gives the depreciation rates & useful life for
various assets. There are many handbooks giving different rates but it
is advisable to follow income tax guidelines for valuers safety
Valuer can always deviate from std. depreciation rates but he should
justify such change
RBI Wholesale Price Index (WPI)
Published by Economic Advisor Ministry Of Commerce & Industry.
The current WPI in India is with base year 2004 2005 = 100.
The WPI has a basket of 676 items with 5482 quotations in data bank
VALUATION CERTIFICATE
It is certified that present valuation of immovable asset mentioned above is arrived as below.
8) Valuer is not responsible for any hidden matters like lien, Income tax
attachment, court order, non payment of PF or any other outstandings