Valuation Certificate under Rule 11UA

Rule 11UA deals with the determination of Fair Market Value (FMV) for the purpose of section 56 and Rule 11 defines certain terms used in Rule 11UA.

Section 56(2)(vii) and (viia) of Income Tax Act, 1961 (the Act) provides that the taxpayer receiving specified properties without consideration or at a consideration lower than the FMV , then the difference between FMV and consideration shall be considered as Income in the hands of the taxpayer


  • We help in computing the Income chargeable to tax on account of difference in consideration and FMV in compliance to Rule 11UA of The Income Tax Act,1961.