Amendment of section 43CA.

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..... effect as if for the words one hundred and ten per cent. , the words one hundred and twenty per cent. had been substituted, if the following conditions are satisfied, namely: (i) the transfer of such residential unit takes place during the period beginning from the 12th day of November, 2020 and ending on the 30th day of June, 2021; (ii) such transfer is by way of first time allotment of the resid .....

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..... al assets in certain cases. The proviso to sub-section (1) of the said section provides that where the value adopted or assessed or assessable by the authority for the purpose of payment of stamp duty does not exceed one hundred and ten per cent. of the consideration received or accruing as a result of the transfer, the consideration so received or accruing as a result of the transfer shall, for t .....

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..... ved or accruing as a result of such transfer does not exceed two crore rupees. It is further proposed to insert an Explanation to the said section to define the expression residential unit to mean an independent housing unit with separate facilities for living, cooking and sanitary requirement, distinctly separated from other residential units within the building, which is directly accessible from .....

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