Finance Ministry

Real Estate Sectors Gets A Diwali Gift From Finance Minister

"In order to boost demand in the real-estate sector and to enable the real-estate developers to liquidate their unsold inventory at a rate substantially lower than the circle rate and giving benefit to the home buyers, it has been decided to further increase the safe harbour from 10 per cent to 20 per cent under section 43CA of the Act for the period from November 12, 2020-June 30, 2021, in respect of only primary sale of residential units of value up to Rs 2 crore.