FUNDAMENTAL MEASURES TOWARDS INDIA’S US$ 5 TRILLION ECONOMY|rprealtyplus
As we approach the upcoming budget, the Indian government is poised to unleash a transformative vision for the real estate sector, serving as a pivotal driver in revitalizing our nation's economy. Industry expects a comprehensive overhaul of tax policies to foster competitiveness and efficiency across corporate and individual tax frameworks. For the home buyer, increasing the limit of interest deduction paid on home loans from 2 lacs to 5 lacs, bringing long-term capital gains at 10 per cent on par with equity shares; and reducing the period of holding house property to 12 months from the existing 24/36 months to qualify as a long-term Capital asset.
