Question ID :
40956
Difference between stamp valuation and Sale consideration relaxed upto 20%
Govt had relaxed the difference between stamp valuation and sale consideration upto 20% on sale of land and building in November 2020.
Anybody has the circular/notification with respect to it ? Pls forward.
Posted by
Gaurav Kumar Baranwal
on
Jan 31, 2021
Filed Under
DIRECT TAXES
Legislative amendment has come vide clause 10 of the Finance Bill,2021 as said by the FM in the press release dated November 13.2020.
Posted by
B.CHACKRAPANI WARRIER on
Feb 02, 2021
Answer ID :
80898
In order to boost demand in the real estate sector and to enable the developers to liquidate their unsold inventory at a rate substantially lower than the circle rate and giving benefit to the homebuyers, it has been decided to further increase the safe harbour from 10% to 20% under section 43CA of the Act for the period from November 12 to June 30, the government said.
Posted by
Y.KANAKAMAHALAKSHMI on
Feb 02, 2021
Answer ID :
80899
It was announced vide a press release dated 13 November, 2020 as a part of Atmanirbhar Bharat package. Now the amendment has been made in the section itself.
Posted by
CA. chunauti dholakia on
Feb 04, 2021
Answer ID :
80988
it is in the finance bill 2021
Posted by
CA. VENKITARAMAN K V on
Mar 15, 2021