FM raises tolerable limit under Section 43CA and 56(2)(x) from 10% to 20%

FM raises tolerable limit under Section 43CA and 56(2)(x) from 10% to 20%

November 12, 2020
Considering the decline in prices of the residential unit due to economic slowdown, the Finance Minister has announced to increase this tolerable limit from 10% to 20%. However, this increase in the threshold from 10% to 20% shall be effective under Section 43CA and Section 56(2)(x) for a limited time period (from the date of the announcement to 30-06-2021) on primary sale of residential units having value up to Rs 2 crores

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