Income Tax 24 September 2026
Key Tax Audit Rules for Property Deals Under 2025 Act
Section 44AB of the Income Tax Act, 2025 now mandates a tax audit for property transactions where the aggregate value exceeds ₹10 million for AY 2026‑27. The rule clarifies when a registered valuer’s report is required, outlining thresholds, exemptions, and documentation standards for both sellers and buyers to ensure compliance.
[Property Transactions Under the Income Tax Act, 2025](https://www.caclubindia.com/articles/property-transactions-under-the-income-tax-act-2025-and-registered-valuer-report-56269.asp)
- Audit applies if total property value > ₹10 million in AY 2026‑27 (Section 44AB).
- Registered valuer’s report mandatory when transaction exceeds the threshold or when valuation is contested.
- Exemptions include intra‑family transfers below market value and certain government‑approved schemes.
- Documentation must include sale deed, valuation report, and audit certificate to avoid penalties.
Stay compliant by reviewing thresholds early and engaging a qualified valuer before finalizing deals.
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