What we do ?

Valuation of Immovable Properties for various purposes such as Wealth tax, Income tax, capital Gain tax calculation, Visa purposes, Bank Security Mortgage, Property distribution in Family or amongst Partners, O.D Purposes against Property, Rental Calculations, Stamp Duty Calculation, Insurance of Property, House Tax Calculations, Valuations of big areas of land by Developers method and many more purposes

Property Valuation - Income Tax

Remember, there is no income tax or capital gain tax liability on an enterprise consequent to revaluation of its assets.

An Example

In case of Abdul Majid Vs. ITO-178 and ITR 616, it was decided by the tribunal that the reassessment of the assets’ values called for by the ITO, was not justified, because, the returns filed by the assessee were accompanied with authorised valuer’s certificates in respect of the value of a residential house, regarding which, the ITO had claimed that a fair market price was not being shown.