The changes have been notified through Notification No. 120/2026 dated September 17. The notification also extends the deadline for the relevant registration requirements from September 30, 2026 to March 31, 2027.
Form 169 for valuers
Form 169 is meant for individuals applying for registration as valuers under Section 514 of the Income-tax Act, 2025.
The form asks applicants to provide details such as their PAN, address, contact information, educational qualifications, professional qualifications and work experience.
Applicants also have to specify the class of assets for which they want to be registered as a valuer. The categories cover assets such as immovable property, jewellery, machinery and plant, securities and business assets, among others.
The form also asks applicants to provide details of their valuation experience, including relevant work carried out in the preceding three years.
For professionals who were already registered as valuers under the Wealth-tax Act, 1957, the form provides for submission of details of their existing registration and the relevant certificate.
The application also requires applicants to provide information relevant to their eligibility under the rules and submit the prescribed documents.
Form 171 for authorised income-tax practitioners
Form 171 is for individuals seeking registration as authorised income-tax practitioners under Section 515 of the Income-tax Act, 2025.
The form requires details such as the applicant’s PAN, residential and office addresses, contact details, educational and professional qualifications and, where applicable, details of the firm with which the applicant is associated.
Applicants also have to submit documents supporting their qualifications.
Those who were already registered as authorised income-tax practitioners under the Income-tax Act, 1961 have to provide details of their existing registration and the relevant certificate.
The form also seeks information relating to matters that may affect an applicant’s eligibility under the rules.
Existing professionals get more time
The latest notification also gives existing professionals more time to complete the registration-related requirements under the new tax law.
The deadline under the relevant rules has been extended from September 30, 2026 to March 31, 2027.
For valuers who were registered under the erstwhile Wealth-tax Act, the revised process provides a way to submit their existing registration details under the new framework.
What it means
For professionals, the immediate change is that they will have to use the revised forms and provide the information and documents specified under the new rules.
For existing valuers and authorised income-tax practitioners covered by the transition provisions, the extended deadline gives them until March 31, 2027 to complete the applicable registration requirements.
Riaz Thingna, Partner, Grant Thornton Bharat, said, “The revised registration framework reflects a clear policy intent to professionalise tax valuation and representation. By insisting on qualification, disclosure and independence at the entry stage, CBDT is moving towards a more accountable ecosystem for taxpayers and tax professionals alike.”
