Thursday, November 12, 2020

FM announces Income-tax relief for Developers & Home Buyers under Atmanirbhar Bharat Package 3.0

The Finance Minister has announced Atmanirbhar Bharat Package 3.0 during a press conference held on November 12, 2020. FM has announced many stimulus packages including new announcement of new job scheme. With regards to tax relief, FM has announced increase in safe harbour limit u/s 43CA & 56(2)(x) from 10% to 20% (subject to certain conditions)

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