Income-tax Rules, 2026

Rule 55Conditions for reference to Valuation Officers under section 91(1)(b)

Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026

For the purposes of Section 91(1)(b)(i),–

(a)the percentage of the value of the asset shall be 15%; and

(b)the amount shall be ten lakh rupees.

This rule refers to

§ 91 Reference to Valuation Officer