Property Identification
Specific identification such as address, plot number, floor number, survey number or khasra details, wherever applicable.
Your CA needs a Government Approved Valuation Certificate that clearly documents the property, valuation date, methodology, comparable evidence and fair market value so that the valuation can be used as part of the capital-gain documentation and reviewed alongside the taxpayer's other records.
The certificate should connect the property identification, valuation date, methodology, comparable evidence and FMV conclusion in one coherent professional document.
Specific identification such as address, plot number, floor number, survey number or khasra details, wherever applicable.
The relevant valuation date should be clearly stated. For a Section 55(2)(b) exercise, this may be the required 1 April 2001 reference date.
The certificate should identify the methodology used, such as CMA with named comparables, DRC + CMA or a multi-method approach where the property requires it.
The supporting comparable transactions should be identified with relevant details such as deed numbers, registration dates and the evidence relied upon.
The report should clearly state the concluded Fair Market Value in rupees, linked to the stated valuation date and methodology.
Where applicable to the capital-gain exercise, the certificate package can show the Method A and Method B LTCG computations for the CA's review.
The professional identification should include the relevant Section 34AB registration details and applicable category information.
A clear independence declaration helps establish the professional basis on which the valuation has been prepared.
The completed certificate should carry the valuer's signature and professional seal together with the final certificate particulars.
A2Z Valuers structures its valuation documentation around the information a professional tax adviser needs to understand the property identification, valuation date, methodology, comparable evidence and FMV conclusion. The CA can then review the valuation alongside the taxpayer's supporting documents and applicable tax position.
Section 55(2)(b) property valuation support for relevant pre-2001 cases, with the valuation evidence presented in a structured professional format.