Valuer report in LT capital gain in sale land and building
This query is : Resolved
18 December 2019
Sir,
In case of sale of constructed commercial building if long term capital gain occurs then whether valuer report is mandatory of IT Assessment if
1. Both purchase and sale values are as per Revenue Circle Rates.
2 If yes then whether valuer report should be obtained before or after date of actual transaction.
Can you favor with early reply .Thanks
In case of sale of constructed commercial building if long term capital gain occurs then whether valuer report is mandatory of IT Assessment if
1. Both purchase and sale values are as per Revenue Circle Rates.
2 If yes then whether valuer report should be obtained before or after date of actual transaction.
Can you favor with early reply .Thanks
CA R SEETHARAMAN
(Expert)
18 December 2019
Valuer report not required in such a case.
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