SECTION 50C(2) Valuation by valuation officer
This query is : Resolved
14 April 2025
I am selling a land @Rs. 380 per sq ft. (which is actual market rate in the area) but the stamp duty value is Rs 1080 per sq ft. Can I write an application to Assessing Officer to refer my case to valuation officer before transfer of capital asset? Or the such application to Assessing Officer can be only made if my case has been selected for scrutiny?
14 April 2025
It cannot be requested beforehand. You can obtain valuation certificate from registered valuer in support of your claim. The objection can be raised only when AO doesn't accept your valuation.
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