12 September 2013
1.S.No 12 of 26/2012, provides abatement of 75% to residential complexes, wherein the residential units are less than 2000sq ft
2.In a case where in a residential complex,
3 units are less than 2000 sq ft. & 2 units are > 2000 sq ft, can 75% abatement be claimed on those 3 units (OR) 70% abatement has to be claimed on all 5 units. Kindly Substantiate.
12 September 2013
Dear Praveen, No.of units doesn't matter the only carpet area less than 2000 sq ft or value less than 1crore if any one condition satisfies then 75%abatement can be claimed
CAclubindia
