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NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday introduced relaxations in earnings tax guidelines to permit sale of main residential models of as much as Rs 2 crore worth under the circle charge.
Until now, solely 10 per cent distinction between the circle charge and the settlement worth was allowed.
To spice up residential actual property sector, she stated the differential has now been elevated to 20 per cent for interval as much as June 30, 2021 for less than main sale of residential models of worth as much as Rs 2 crore.

(Supply: PIB)

(Supply: PIB)
“This measure will cut back hardships confronted by each home-buyers and builders and assist in clearing the unsold stock,” she stated.

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