Regarding Considering Valuation of property as on 01/04/2001 while filing Income tax return


This query is : Resolved 

Quick Summary
When filing your income tax return for a property sale, you may wonder if a valuation report from an approved valuer is mandatory. While the Income Tax Department considers valuations by government-approved valuers under Section 50C, a formal report from a valuer isn't always required when filing your return. The market value as of 01/04/2001 can often be used directly.

04 September 2025 Whether Valuation report from Approved valuer is necessary while filing income tax return at the time of sale or Market value as on 01/04/2001 shall be directly taken?
As Income tax department shall only consider valuation by government approved valuer as per section 50C, so whether valuation report done by valuer as per the request of assessee is necessary as per income tax act?

04 September 2025 Not mandatory while filing ITR...

15 September 2025 Good Luck...


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