Black Money
Under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, individuals holding undisclosed assets abroad are required to declare the fair market value of their Indian properties as of a specified valuation date. For agricultural land in Bahraich, Uttar Pradesh, this Black Money Act Declaration Valuation must be conducted by a Government Approved Registered Valuer to ensure legal compliance and accurate asset disclosure. The valuation process relies on authenticated land records, including Khatauni and Khasra documents, which confirm ownership, plot boundaries, and land classification. Agricultural land in Bahraich supports cultivation of local crops, and its fair market value is determined by analyzing comparable sales, land productivity, location attributes, and applicable government circle rates. A critical procedural requirement is that the valuation report must reflect the fair market value on the date specified by the tax authority, supported by documented evidence. Contact us today to obtain a legally compliant valuation report. Report by RV Yashkumar Jasani — Government Approved Registered Valuer.
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