Capitalgain tax purposes for valuation report compulsory
This query is : Resolved
08 October 2026
sir,
one it tax payer purchases of commercial property year 2020 value rs:27 lacs and same property sold year 2026 value rs:38 lacs as per market price .but circle rate was rs:70 lacs
question:
Tax payer take valuation report from approved govt valuer compulsory capital gain tax purpose
one it tax payer purchases of commercial property year 2020 value rs:27 lacs and same property sold year 2026 value rs:38 lacs as per market price .but circle rate was rs:70 lacs
question:
Tax payer take valuation report from approved govt valuer compulsory capital gain tax purpose
08 October 2026
While attaching a valuation report is not legally compulsory when filing the income tax return, obtaining one from an approved government valuer is practically essential if the taxpayer intends to challenge the ₹70 Lakhs circle rate and justify the actual ₹38 Lakhs sale price before tax authorities.
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