Affordable housing projects registered up to 2020 would have tax exempted under 80 I B. This one year exemption would benefit new projects. Benefit of exemption of capital gains up to Rs 2 crore for investments in two houses would promote reinvestment in property, he said in his post-Budget reaction.
The exemption for two years from occupancy certificate for notional income tax on housing inventory would reduce pressure on the developers which are already under stress due to weak demand, Walase said.
(Your legal guide on estate planning, inheritance, will and more.)
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