Nitesh Shrivastava — Civil Engineer | Government Approved Capital Gain Valuer
307, 3rd Floor, F-14, Competent House, Connaught Place, New Delhi 110001
The Civil Engineer Who Reduces Your Capital Gain
What makes Nitesh Shrivastava’s capital gain certificates different from those of a non-engineer Government Approved Valuer is the Civil Engineering capability that most capital gain situations require but most valuers cannot provide.
When you built the extra floor in 2009, added the lift in 2014, and extended the kitchen in 2017, you made capital improvements to your property that are deductible from your capital gain under Section 48.
These deductions exist regardless of whether you kept the original contractor invoices — because a qualified Civil Engineer can assess the cost of those improvements from the physical evidence: the dimensions of the improvement, materials used, construction quality and other observable characteristics of the work.
The assessment can also draw upon the state government’s Public Works Department (PWD) Schedule of Rates for the year in which the improvement was made.
This is not an estimate; it is an engineering assessment of construction cost at period prices, documented in the same Government Approved Valuer’s certificate that addresses Section 50C and Section 55(2)(b).
No other capital gain context produces this combination of valuation expertise and Civil Engineering capability.
Cost of Improvement
- Extra floor
- Lift installation
- Kitchen extension
- Construction and structural additions
- Period-specific construction costing
- PWD Schedule of Rates