Section 55 of Income-tax Rules, 2026 – Conditions for reference to Valuation Officers under section 91(1)(b)

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

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

55. 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.

Source: official text of Income-tax Rules, 2026 as published on India Code (PDF). All sections of Income-tax Rules, 2026.

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