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Rule 111AA of Income Tax Rules 1962: Conditions for reference to Valuation Officers

Rule 111A : Conditions for reference to Valuation Officers
(Part XV : Miscellaneous)

The percentage of the value of the asset and the amount referred to in sub-clause (i) of clause (b) of section 55A shall, respectively, be 15 per cent and Rs. 25,000.

Extra Notes for Readers:

- Rule 111A was introduced by the Income Tax (4th Amendment) Rules, 1972, w.e.f. 1st Jan. 1973.

Check at Income Tax Dept. official site for latest version of the Rule.

This page was created/last updated on 17th October 2016.