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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.

Reference/Source: Check at Income Tax site for latest version of the Rules - link

This page was last updated on 17th October 2016.

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