<h1>Income tax relief: Safe harbour for residential units up to Rs. 2 crore increased to 20% u/s 43CA.</h1> As part of the AatmaNirbhar Bharat Package 3.0, announced on November 12, 2020, the Finance Minister introduced income tax relief measures for real estate developers and home buyers. The Finance Act, 2020, had previously increased the safe harbour from 5% to 10% under section 43CA of the Income-tax Act, 1961. Now, to boost demand and help developers liquidate unsold inventory, the safe harbour is further increased to 20% for primary sales of residential units valued up to Rs. 2 crore from November 12, 2020, to June 30, 2021. Legislative amendments will follow to implement these changes.