Thursday, November 26, 2020
Home Business News Centre announces income tax relief on sale of housing units - Times...

Centre announces income tax relief on sale of housing units – Times of India


NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday announced relaxations in income tax rules to allow sale of primary residential units of up to Rs 2 crore value below the circle rate.
Till now, only 10 per cent difference between the circle rate and the agreement value was allowed.
To boost residential real estate sector, she said the differential has now been increased to 20 per cent for period up to June 30, 2021 for only primary sale of residential units of value up to Rs 2 crore.

(Source: PIB)

(Source: PIB)
“This measure will reduce hardships faced by both home-buyers and developers and help in clearing the unsold inventory,” she said.



Source link

Avatar
Sahilhttp://digitalguruji.org
In this blog our main motive is to provide you all kind of latest information about technology, politics, sports, and health. If you want to read this information then you should have to visit our website. This information will help you to increase your knowledge.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Witty responses you can give to impromptu sexts – Times of India

Regardless of how much you enjoy sexting, there can be times when you are not in a mood or a situation to swap...

Refiners’ October oil processing highest since March – Times of India

NEW DELHI: Crude oil processed by refiners rose to its highest in seven months in October as fuel demand picked up although throughput...

Bank credit growth slows to 5.8% in September quarter: RBI data – Times of India

MUMBAI: Bank credit growth decelerated to 5.8 per cent in the September quarter from 8.9 per cent in the year-ago period, according to...

Amazon-Future tussle: Singapore’s arbitration court rejects Future Retail’s plea – Times of India

NEW DELHI: Future Retail Ltd's plea to be excluded from being a party to the Amazon-Future Coupons' arbitration proceedings has been turned down...

Recent Comments