Civil Engineer · Government Approved Valuer
A2Z ValuersWhen a family sells their residential flat in Delhi’s Lutyens bungalow zone for ₹6 crore, the Stamp Duty Value (SDV) is ₹8 crore. Under Section 50C of the Income Tax Act, the ₹8 crore SDV is deemed to be the full value of consideration for capital gain purposes — unless the seller can demonstrate, through a Government Approved Capital Gain Valuer’s certificate, that the FMV on the date of transfer was below the SDV.
The same family’s estate includes a Mughal gold jewellery set acquired in 1985 and a Husain canvas from 1993: for both, the Section 55(2)(b) substitution allows the FMV as on 1 April 2001 to be treated as the cost of acquisition — substituting a higher base than the 1985 and 1993 original purchase prices and reducing the taxable gain.
The Finance Act 2024’s restructuring of LTCG rates to 12.5% without indexation from 23 July 2024 makes the transitional computation — comparing 12.5% without indexation vs 20% with indexation using the CII series from the 1 April 2001 base — the most important capital gain planning calculation for pre-2024 acquisitions.
All three require a Section 34AB Government Approved Capital Gain Valuer’s certificate: the Section 50C FMV challenge; the Section 55(2)(b) 1 April 2001 base value; and the pre-23 July 2024 FMV for the transitional computation.
A2Z Valuers under Nitesh Shrivastava — Civil Engineer, Government Approved Valuer — produces all three, across all asset classes, under a single multi-asset engagement. Appointed by the Income Tax Department for PAN India enforcement valuations.
The practice that valued the ₹50+ crore Mughal jewellery and colonial Indian art for India’s top auction house in 2025. 250+ professional valuation services across India. PAN India.
The Stamp Duty Value of immoveable property exceeds the actual sale consideration by more than 10%. Section 50C(2) allows the assessee to claim that the SDV exceeds FMV on the date of transfer — supported by a Government Approved Valuer’s certificate.
Where a capital asset was held before 1 April 2001, the assessee may substitute the FMV as on 1 April 2001 as the cost of acquisition. The Government Approved Valuer’s retrospective certificate establishes this base value.
For pre-23 July 2024 acquisitions of property, jewellery, or art, the taxpayer must choose between 12.5% without indexation and 20% with indexation. The indexed-cost route requires a Section 55(2)(b) certificate establishing the 1 April 2001 base value.
Where unlisted equity shares are transferred for consideration below their Rule 11UAE FMV, the FMV is deemed to be the full value of consideration. The FMV is computed through the applicable Registered Valuer framework.
FMV of moveable capital assets including jewellery, art and paintings for Section 56(2)(x) and capital gain purposes requires the applicable Registered Valuer’s certificate under Rule 11UA(1)(a).
Capital gain valuation is not simply about arriving at a number. The valuation must be appropriately documented, technically reasoned and capable of supporting the taxpayer’s position before the relevant authorities.
Section 34AB, Income Tax Act covering Category I property, Category VII jewellery, Category VIII art and Category V shares.
Appointed under Sections 132(2) and 132(9D) for PAN India capital gain enforcement valuations.
₹50+ crore Mughal jewellery and colonial Indian art valuation for India’s top auction house in 2025.
Property valuation and cost of improvement assessment approached from structural and civil engineering first principles.
250+ professional valuation services across India, supported through a PAN India practice.
Certificates accepted by the Income Tax Department, ITAT, High Court, banks and courts.