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Valuation of Immovable Properties for various purposes such as Wealth tax, Income tax, capital Gain tax calculation, Visa purposes, Bank Security Mortgage, Property distribution in Family or amongst Partners, O.D Purposes against Property, Rental Calculations, Stamp Duty Calculation, Insurance of Property, House Tax Calculations, Valuations of big areas of land by Developers method and many more purposes

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Property Valuation - Wealth Tax

Beginning from assessment year 1993-94, there is no wealth tax liability on the unlimited value in the form of shares in a company, as these assets are outside the purview of ‘Wealth tax act’. For the first time, beginning from assessment year 1993-94, agricultural land and farm houses will be liable for taxation. Similarly, surplus land / un built areas of a factory would be liable for taxation.

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