<p>Finance Minister Nirmala Sitharaman on Thursday announced relaxations in income tax rules to allow the sale of primary residential units of up to Rs 2 crore value below the circle rate.</p>.<p>Till now, only 10 per cent difference between the circle rate and the agreement value was allowed.</p>.<p><strong>Also read — <a href="https://www.deccanherald.com/business/economy-business/fm-nirmala-sitharaman-offers-perks-to-companies-to-boost-employment-914657.html" target="_blank">FM Nirmala Sitharaman offers perks to companies to boost employment</a></strong></p>.<p>To boost residential real estate sector, she said the differential has now been increased to 20 per cent for a period up to June 30, 2021, for only primary sale of residential units of value up to Rs 2 crore.</p>.<p>"This measure will reduce harships faced by both home-buyers and developers and help in clearing the unsold inventory," she said.</p>
<p>Finance Minister Nirmala Sitharaman on Thursday announced relaxations in income tax rules to allow the sale of primary residential units of up to Rs 2 crore value below the circle rate.</p>.<p>Till now, only 10 per cent difference between the circle rate and the agreement value was allowed.</p>.<p><strong>Also read — <a href="https://www.deccanherald.com/business/economy-business/fm-nirmala-sitharaman-offers-perks-to-companies-to-boost-employment-914657.html" target="_blank">FM Nirmala Sitharaman offers perks to companies to boost employment</a></strong></p>.<p>To boost residential real estate sector, she said the differential has now been increased to 20 per cent for a period up to June 30, 2021, for only primary sale of residential units of value up to Rs 2 crore.</p>.<p>"This measure will reduce harships faced by both home-buyers and developers and help in clearing the unsold inventory," she said.</p>