REPORT

PAINTING VALUATION REPORT FORMATS

Six Report Formats — Each Required by a Different Authority

The Government Approved Painting Valuer’s certificate format varies by purpose and audience. Using the wrong format — or omitting required elements — can make a certificate unacceptable to the specific authority relying on it.

A2Z Valuers produces painting valuation reports structured around the requirements of the specific receiving authority, statutory purpose, valuation date and applicable methodology.

01 IBBI / IBC CIRP 02 Rule 11UA 03 Section 80G 04 SARFAESI 05 Black Money Act 06 Ind AS Audit

GET EXPERT ADVICE Discuss Your Painting Valuation Requirement → CALL A2Z VALUERS +91 9999992343

VALUATION 06

GOVERNMENT APPROVED

Painting Valuation Report

01 Statutory Purpose

02 Valuation Date

03 Methodology

04 FMV / Value Conclusion

34AB

SECTION 34AB
CATEGORY VIII

AUTHORITY-SPECIFIC REPORT STRUCTURE

Six Painting Valuation Formats for Six Institutional Requirements

Each report is structured around the receiving authority, applicable statutory provision, valuation purpose and required basis of value.

01 IBC / COMPANIES ACT

IBBI Valuation Report — IBC CIRP and Companies Act

The IBBI Valuation Report for art assets in IBC CIRP is structured in accordance with the IBBI (Insolvency Process for Corporate Persons) Regulations, 2016, IVS 101 and applicable IBBI Valuation Standards.

Scope of Work Date of Inspection Valuation Date Applicable Standards Market Comparison Approach Fair Value Liquidation Value Total Collection Value

Receiving Context Resolution Professional / CoC

02 INCOME TAX

Rule 11UA(1)(a) Income Tax Certificate

The Rule 11UA(1)(a) certificate identifies the painting, statutory provision, valuation date, methodology, comparable evidence and concluded FMV in Indian Rupees.

Artist & Title Medium & Dimensions Rule 11UA(1)(a) Section 34AB Category VIII Valuation Date Market Comparables FMV in INR Independence Declaration

Format Official Valuer Letterhead & Signature

03 DONATION / TAX DEDUCTION

Section 80G Museum Donation Certificate

The Section 80G donation certificate establishes the FMV of the specific painting donated and identifies the receiving institution for the applicable tax deduction.

Specific Painting Identification Donation Date Contemporaneous FMV Section 34AB Category VIII Receiving Institution Valuation Basis

Receiving Context NGMA / Lalit Kala Akademi / Eligible Institution

04 SECURITY ENFORCEMENT

SARFAESI Enforcement Certificate

The SARFAESI enforcement certificate distinguishes the current Market Value from the Distressed Sale Value and documents the liquidity discount applied to the specific painting.

MV Market Value

DSV Distressed Sale Value

Physical Inspection Date Market Value Distressed Sale Value Liquidity Assessment Discount Rationale Bank / Empanelment Details

05 FOREIGN ASSET COMPLIANCE

Black Money Act Compliance Format

The Black Money Act valuation establishes the FMV at the prescribed date and provides detailed identification and supporting evidence for paintings held outside India.

Artist / Title Identification Acquisition Details Relevant Valuation Date International Auction Evidence Methodology FMV in INR USD / INR Conversion

Receiving Context Income Tax Department

06 CORPORATE REPORTING

Ind AS Audit FMV Certificate

The annual Ind AS audit FMV certificate provides a structured painting schedule for statutory audit and corporate financial reporting requirements.

Complete Painting Schedule Artist & Title Attribution / Authentication Balance Sheet Date Current FMV Primary Comparables Methodology Confirmation Independence Declaration

Addressed To Company Board / Statutory Auditor

REPORT INTEGRITY

Beyond a Value Figure — A Defensible Valuation Record

A professional painting valuation report must explain not only the concluded value, but also how that value was established and why the methodology is appropriate for the specific assignment.

Asset Identification

Artist, title, medium, dimensions, attribution, provenance and available authentication evidence.

Valuation Date

The specific date against which the FMV or applicable value is determined.

Applicable Methodology

Market comparison, retrospective, income or cost methodology according to the assignment.

Market Evidence

Relevant auction records, comparables and supporting valuation evidence.

Value Conclusion

The concluded FMV or other required value clearly stated in the applicable currency and context.

Professional Declaration

Applicable registration, independence and professional declarations supporting the report.

NEED THE RIGHT REPORT FORMAT?

Start With the Authority Requiring the Certificate.

Tell A2Z Valuers the purpose of your painting valuation, the receiving authority and the valuation date. We can help identify the appropriate painting valuation report format for your requirement.

GET EXPERT ADVICE Discuss Your Requirement → CALL A2Z VALUERS +91 9999992343 info@a2zvaluers.com