Under Section 80EEA, first-time home buyers investing in affordable homes in India enjoy additional interest payment deductions on income tax. However, the benefits of 80EEA are applicable only if they buy an affordable property … READ FULL STORY
On purchase of property with home loans, borrowers enjoy a variety of deductions on their income tax liability. These deductions against the tax could be claimed under four sections of the income tax act, … READ FULL STORY
While India’s real estate sector did not get the special treatment it expected from the Union Budget 2021-22, some relief did come its way, in the form of an extension of the safe harbour … READ FULL STORY
With India battling the world’s second-highest Coronavirus caseload after the US, the Union Budget 2021-22 provided for a boost in healthcare expenditure in India by 135%. Finance minister Nirmala Sitharaman, who presented the Budget … READ FULL STORY
The real estate sector, its buyers and all other stakeholders, had put forward several demands and expectations from the Union Budget 2021-22. Some of their demands were met, whereas some were missed. The realty … READ FULL STORY
Every year, prior to the union budget, developers lobby hard to get the best deal, while buyers have their own set of demands. The finance minister is expected to walk a tightrope, to balance … READ FULL STORY
The Union Budget, presented on February 1, 2020, has attempted to give certain reliefs to developers and home buyers. It also attempts to introduce some provisions, to minimise unnecessary litigation between tax payers and … READ FULL STORY