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Abatement of 70% instead of 75% for real estate

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Querist : Anonymous

Querist : Anonymous (Querist)

26 August 2013 W E F 1/03/2013 abatement is 70% for real estate instead of 75% earlier subject to sale consideration exceeding 1 Cr or more than 2000 Sq Ft. Consideration amount of Rs 1 crore will be applicable to agreements entered in to prior to Mar 2013 also or only on those agreements which are entered in to on or after MAr 2013?

Sumit Grover

Sumit Grover (Expert)
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26 August 2013 Also the instalments due/received after March'13,even if agreements were entered prior to Mar'13

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