Certificate of income tax valuer (engineer) compulsory for new house construction

When it comes to construction property, a builder or engineer will give property owner a complete certificate which is required to avail other facilities like water and eb so on. 

Or If you asked about assertain the exact value of property. There are a certificate and authorized valuer like Engineer or Chartered accountant. 

1) Complition Certificate - you must get from builder or Engineer which is proof of possession of the property when you claim your home loan interest.

2) Buying or construct a residential property valuation certificate will be useful when you declare your source of funds.

If you elobrate your question in details, we can give you a suggestions. 

Thanks.

There is no compulsion but if you have claim deduction for house construction then you can get it prepared for filing purpose.

I agreed with Mr Saravanan Nagaraj Reply...

A Building value can be defined by the Engineer only.

Also Completion certificate required for the confirmation of value...

@ Mr Kollipara Sundaraiiah,

Sorry to Asking this one... But, no other options...

 

In this query A Detailed reply given by Mr Saravanan Nagaraj. Also the reply is the solution to Your query.

But, You can't give like to the reply...

Why...? (It's Your own decision. I'm not the person to ask this. But, You are regular member asking questions in CCI's FORUM & EXPERTS section)

 

Also I saw many of Your query,

You give likes only to the selective persons if they give wrong reply Also...

 

Why this way you follow...?

If You will give likes to selective persons then You simply ask/msg to their profile's comment section. It's my advice for give your appreciation to the selective persons...

 

Okay, again I give my apologies for asking this question...

 

Keep it up...

Good Luck...

@ Mr Saravanan Nagaraj,

 

அந்த ஆளோட queriesலாம் பாருங்க. எல்லாமே அளவுக்கு அதிகமான value இருக்கும்.

இவனுகலுக்கெல்லம் எப்டி தான் வந்து சிக்கரானுகளோ. அந்த டாக்டர் அமௌண்ட் பாருங்க. 

வக்காளி நமக்கு எவனும் சிக்க மாட்டானுக...

 

எல்லாம் நேரம்....

@ RAJA PM 

He asked for IT purpose and i m of view that no compulsory requirement is there in Income Tax

& Please refer  if there is any provision or section which required for the completion certificate as i am not aware of any such provisions.

Also, reply of Mr Saravanan Nagaraj is to the point and i agreed with him also . 

Originally posted by : CA Rashmi Gandhi
	Also, reply of Mr Saravanan Nagaraj is to the point and i agreed with him also .

@ Rashmi Gandhi,

This is Your reply in above ( & Please refer  if there is any provision or section which required for the completion certificate as i am not aware of any such provisions.)

 

Then how can You agreed Mr Saravanan Nagaraj reply...

Please 

@ Mr.Raja 🙏 Thanks. 

நமக்கு இவங்க appriciate பண்ணாலும் பண்ணாடியும் அதை பற்றி என்றும் எதிர் பார்ப்பது கிடையாது. 

ஆனால், நீங்கள் சக மனிதனை மதித்ததற்கு நன்றிகள். 

He clarified clearly about completion certificate but not for IT.

Read the query carefully, after that read the reply by Mr Saravanan Nagaraj...

If You missing some details and if You give reply without understanding then please be accept your mistake...

once again I said....

Read the query carefully, after that read the reply by Mr Saravanan Nagaraj...

Query is construction certificate by valuer compulsory for IT(income tax purpose)

Raja PM , in one more earlier post you said that I post blender reply even I m correct (as said by querist) as you misunderstood the query.

So I think rather then proving me incorrect ask the querist to elaborate more.

You are totally correct in your opinion but my and your understanding on query is different from each other.

A Doctor new house construction value rs:2 crores completed f.y.23-24.
question:
new house construction certificate by engineer ( income tax valuer) compulsory for it purpose.

The above sentence is query...

As per query the value is 2cr...
The Querist ask the value is compulsory for IT...
The querist ask the value must be confirm by (income tax valuer)
means the Income tax valuer is not a income tax practioner...
Income Tax valuer means Engineer who is know the construction details...

The Engineer (not computer engineer, mechanical engineer, sound engineer or others except CIVIL ENGINEER).

The Civil Engineer (Also he is the income tax valuer of building) give value of the building. The Civil Engineer got Completion certificate from Dept**.
The completion certificate hav the value...
The value is that building value....

Diffent view, Different launguage, Different...... But, Solution is One...

GOOD LUCK...

Now you are correct, its just a difference of understanding. Also i would definately like the earlier reply if i didnt exceed the maximum number of likes to one single person.