My flat came from our society's redevelopment. What is its cost?

It flows from your old flat and the redevelopment exchange, under rules your CA applies. The property values inside that computation, the old flat and the benefits, are what we certify, and we coordinate with your CA directly.

Four cousins hold the wada share. Must we all file the same number?

Consistent numbers, proportionate to shares. Four filings with four different costs for one property is exactly what draws attention. One certificate shared across the family solves it permanently.

Is the reckoner rate an acceptable cost figure?

No. The reckoner is a duty rate for today, not the cost of your asset under the tax rules. Cost is built from acquisition history or the 2001 value, with evidence. That is precisely the certificate we prepare.

Schedule AL valuation in Pune

IT salaries and professional practices push Pune incomes past fifty lakh rupees every year, and with that comes Schedule AL: assets and liabilities, listed at cost. The modern flat is easy. The family's older Pune property is where filings need real numbers.

The Pune cost problem

Cost sits on a deed for recent purchases. It does not sit anywhere for the share of a wada inherited from a grandfather, the Deccan bungalow that entered the family in the sixties, or the flat received when an old society redeveloped. For those, cost is constructed under the tax rules, often tracing to a previous owner or to the 1 April 2001 value. We certify the property figures that construction stands on.

Pune filers who come to us

IT professionals filing Schedule AL for the first time, holding a share of family property alongside their own flat.
Heirs of bungalows and wada shares, where each sibling's filing must use consistent numbers.
Owners whose society redeveloped, where the new flat's cost story spans the old flat and the exchange.
Families with property split across PMC, PCMC and cantonment records, needing one coherent statement.

The figure you file is the figure you defend at sale time. Officers compare filings across years, and mismatches are what trigger correspondence. A certificate now is cheap insurance against that letter later.

Schedule AL questions from Pune

My flat came from our society's redevelopment. What is its cost?: It flows from your old flat and the redevelopment exchange, under rules your CA applies. The property values inside that computation, the old flat and the benefits, are what we certify, and we coordinate with your CA directly.
Four cousins hold the wada share. Must we all file the same number?: Consistent numbers, proportionate to shares. Four filings with four different costs for one property is exactly what draws attention. One certificate shared across the family solves it permanently.
Is the reckoner rate an acceptable cost figure?: No. The reckoner is a duty rate for today, not the cost of your asset under the tax rules. Cost is built from acquisition history or the 2001 value, with evidence. That is precisely the certificate we prepare.

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Checked by Parish Rao, Chartered Engineer and Government Approved Valuer.

Page last checked on 23 August 2026.

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