To boost demand in the real-estate sector and to enable the real-estate developers to liquidate their unsold inventory, the Finance Minister has announced to increase the tolerable limit from 10% to 20% under Section 43CA and Section 56(2)(x). However, this increase shall be effective for a limited period only, i.e. from 12-11-2020 to 30-06-2021. Further, this increase shall be applicable in respect of the primary sale of residential units having value up to Rs 2 crores.
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