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Abatement of 70% instead of 75% for real estate

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Querist : Anonymous

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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?
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Sumit Grover

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

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