Government Approved Valuation Practice

Government Approved Capital Gain Valuers India for Property, Jewellery, Art & Inherited Assets

When the value you need for your tax return is not the same as the value appearing in a sale deed, circle-rate record, old purchase document or family estate file, a professionally prepared capital gain valuation certificate can make the difference between an unsupported computation and a defensible tax position.

Section 50C Circle Rate & SDV Challenge

Section 55(2)(b) 1 April 2001 FMV Assessment

Finance Act 2024 LTCG Transition & Computation

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THE TAX QUESTION BEHIND THE NUMBER

Your Capital Gain Is Not Always Just Sale Price Minus Purchase Price

The correct computation can depend on the nature of the asset, date of acquisition, historical value, improvement expenditure, stamp duty value, inheritance documents and the applicable provisions of the Income-tax Act.

Property Sold Below Circle Rate

If the Circle Rate or Stamp Duty Value is higher than the consideration stated in your sale transaction, Section 50C can become a critical part of the capital gain computation.

Understand Section 50C

Assets Bought Decades Ago

For qualifying assets acquired before the relevant statutory cut-off, determining the appropriate 1 April 2001 Fair Market Value under Section 55(2)(b) can materially affect the cost base used for capital gain.

Explore 1 April 2001 Valuation

Inherited Property, Jewellery & Art

Family assets can carry a different valuation trail. Section 49, historical ownership, succession documents and the underlying asset value may all need to be examined before the capital gain is finalised.

Explore Inherited Assets

NRI Selling Indian Property

An NRI transaction can involve capital gain valuation alongside Section 195 TDS, possible lower-deduction considerations and documentation relating to the Indian property.

Explore NRI Property Sale

ONE PRACTICE · MULTIPLE ASSET CLASSES

Capital Gain Valuation Across the Assets That Matter

Capital gain issues do not always arise from a single residential property. Families, HUFs, estates, collectors and investors may hold multiple asset classes requiring coordinated valuation.

The objective is to establish a clear, documented and professionally reasoned valuation position for the asset being considered in the tax computation.

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PROPERTY Residential & Commercial Property Section 50C · Section 55(2)(b) · Cost of Improvement

JEWELLERY Family Jewellery & Precious Assets Historical Value · Market Evidence · Tax Documentation

ART Indian Art & Paintings Historical Provenance · Market Evidence · Fair Value

SHARES Unquoted & Unlisted Shares Section 50CA · Valuation Methodology · Supporting Certificate

IMPORTANT TAX TRANSITION

Finance Act 2024: Which Capital Gain Method Applies?

2024 Tax Transition

METHOD A 12.5%

LTCG Without Indexation

For transactions falling under the revised regime, the applicable long-term capital gain computation may need to be assessed without indexation.

TRANSITIONAL REVIEW 23 JULY 2024

Acquisition Date Matters

Assets acquired before the relevant date may require careful review of the transitional provisions and the available computation route.

METHOD B 20%

Indexed Computation

Where the applicable transitional framework permits comparison, the indexed cost and resulting tax outcome should be evaluated rather than assumed.

The right valuation can help your CA compare the relevant historical cost, 1 April 2001 FMV, Cost Inflation Index and applicable transitional computation before the return is finalised.

Understand Finance Act 2024

THE DEDUCTION MANY OWNERS OVERLOOK

What About the Money You Spent Improving the Property?

Renovation, structural work, redevelopment and other qualifying improvements can become relevant to the capital gain computation. The challenge is often that the work was completed years ago and the original invoices are incomplete or unavailable.

48 Section

A Civil Engineering Assessment Can Establish the Cost of Improvement

Where documentary evidence is incomplete, the physical characteristics of the property, nature of work, historical construction rates, specifications and available supporting evidence can be examined as part of a professionally reasoned valuation assessment.

Explore Cost of Improvement

Nature of improvement

Property condition

Historical construction evidence

Professional assessment

03 Family Asset

WHEN THE ASSET HAS A HISTORY

Your Family's Indian Art May Have a Capital Gain Story Too

A painting acquired by a parent or grandparent, a family collection received through succession, or an artwork held for many years may require more than a simple current-market estimate when it enters a capital gain computation.

Provenance, acquisition history, artist attribution, condition, comparable market evidence and the relevant historical valuation date can all become important when establishing a defensible value for Indian art.

Provenance Historical Value Market Evidence Capital Gain Documentation

Explore Art Capital Gain

PREPARE BEFORE YOU APPROACH YOUR CA

Give Your CA the Valuation Evidence They Can Work With

A valuation becomes more useful when the underlying facts and documents are organised before the tax computation is prepared.

Acquisition Documents

Sale deeds, purchase records, allotment documents and available historical ownership evidence.

Historical Evidence

Earlier valuation reports, municipal records, family records and evidence supporting historical ownership.

Improvement Records

Construction, renovation, redevelopment and other qualifying improvement information.

Sale Documents

Sale consideration, registration records and relevant stamp duty or circle-rate information.

34 AB

PROFESSIONAL VALUATION PRACTICE

A Capital Gain Certificate Should Be Defensible, Not Decorative

The valuation should be prepared around the applicable statutory requirement, asset characteristics, supporting evidence and a methodology that can be explained to the taxpayer and their professional advisors.

Government Approved Valuation Practice for relevant statutory requirements

Professional reports designed for tax and compliance documentation

PAN India valuation assistance across relevant asset classes

FROM THE PRACTICE

Capital Gain Insights

View All Insights

SECTION 50C

Circle Rate Higher Than Your Sale Price?

Understand when the Stamp Duty Value can become relevant and why a professional valuation review may matter.

Read Insight SECTION 55(2)(b)

What Is Your Property Worth as on 1 April 2001?

A practical look at historical Fair Market Value and its role in capital gain computation.

Read Insight FINANCE ACT 2024

12.5% Without Indexation or 20% With Indexation?

Why acquisition date and transitional provisions deserve careful attention before the tax computation is closed.

Read Insight

BEFORE YOU FINALISE YOUR CAPITAL GAIN

Have the Value Professionally Established.

Whether you are selling property, transferring inherited assets, dealing with family jewellery or Indian art, or reviewing an NRI property transaction, obtain expert valuation guidance before your tax position is finalised.

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