ITRKENDRA provide quick and cost effective services of Valuation Report / Valuation Certifiate for Capital Gain (Income Tax) through ITR Kendra. We are a one stop solution to all Valuation Report like Property Valuation Report, Jewellary Valuation Report, Company Valuation Report, Martgage valuation Report, Business valuation Report and . Our experienced, innovative & dedicated team will definitely offer our Services.

Valuation Report / Valuation Certificate for Capital gain (Income tax)

As per Section45 of the Income tax Act 1961, Any profit or gains arising from the transfer of a capital assets, shall be chargeable to Income tax under the head "Capital Gains" ad shall be demand to the income of the previous year in which the transfer look place. So for capital gain obility purpose three basic condition much be satisfied.

There must be a capital asset such as land, building, Gold, Shares etc
There are two types of capital gain.
- Short Term Capital Gain (STCG)
- Long term Capital Gain (LTCG)
There Should be transfer of such capital assest transfer in relation to capital assets is defined u/s 2(47) of income tax act 1961, which includes sales, exchange or reliquishment of assets, conversion of capital assest into stock in trade, compulsary acquisition of assests etc
There shuld be profits/ gains from transfer of such capital assets in the previous year.

If, all the above conditions satisfied.the capital gains shall be calculated as per below method:-

Calculation of Long Term Capital Gain	LTCG (U/s-48)
Full value of Consideration	A
Computation of Indexed cost of acquisation	Cost of Assest sold * CIT for Year of Sale / CIT for the year was acquire
Lets:- Cost of Acquisation Cost of Transfer / Income (if Any)	B
Lets:- Cost of Transfer / Income (if Any)	C
Lets:- Short Term capital Gain D	D
	(A-B-C)

Calculation of Short Term Capital Gain	LTCG (U/s-48)
Full value of Consideration	A
cost of acquisation
Lets:- Cost of Acquisation Cost of Transfer / Income (if Any)	B
Lets:- Cost of Transfer / Income (if Any)	C
Lets:- Short Term capital Gain D	D
	(A-B-C)

CIT is income tax stands for cost inflation index. CIT is used to intaimate the increase in the prices of Goods, Assets year by year duue to infleation. CIT number is used to calculate inflation adjusted price of assets such as land, building, house, jewellary etc.

Change of basic rate from year 1981 to 2001

Presentaly the base year is fixed at 2001 and CIT for the base year 2001 is 100. Prior to the Finance Act, 2017 the base year for fixing CIT was 1981.

Required Documents for Valuation Certificate/Report

KYC documents of owner of property - Copy of PAN/Aadhaar or Voter ID/ Passport
Conveyance deed / Sale deed of property
Location / maps of property
Corporation tax / House Tax or Property Tax Challan copy - latest copy of challan paid
5 Photograph of property/assets
Master Plan & Building bye Laws if any

Requirments of Property valuation Report OR Valuation Certificate

For Income tax Purpose - To calculate the capital gain amount the seller purchaser of the property may need valuation report of property as on 1^st april 2001. Income tax Law state about fair market value of the property as on 1^st April 2001, which is assessable on the basics of valutation certificate.

Wealth tax - valuation report may be required for the purpose of wealth tax, how ever it is now of no use as the entire wealth tax act obolished now

Bank finance or Bank Loan Valuation certificate may be required by the banker or NBFC for sections bank finance or home loan or loan against property, based on its

Gift of Property In case of Gift of property, the donor or donee may need to submit the valuation report to sub-registar office to substantiate the property value on which the stamp duty has been paid by him tp the government for registration of gift deed

Visa application / immigration /foreign citizenship Valuation certificate may be required to calculate net worth valur for getting visa to foreign country or foreign citizenship of countries like USA, UK, Australia, UAE, Singapore etc

Registration of Property Documents For Registration of property related documents such as sale deed, gift deed, agreement to sale, particular deed, trust deed etc in the office of sub-registrar of he concerened justidiction.

Who is completant to issues the valuation certificate or valuation report

Only Registered valuer is competent to sign & issue valuation certificate, valuer should be also be goverment approved and registered property valuer have unique indentification number. The companies (registered valuers and valution) rules 2017, notified by nthe central government in exercise of the power conferred by section 247 read with sections 458, 459 and 469 of the companies act, 2013 (18 of 2013) define a valuer and lay down the rules goverment a valuer inter-alia including eligibility, qualifiation and registration of valuer.

Valuation report certificate should be duly signed & stamped mentions registration details of the valuer in form no 01

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