Real Estate Surges over Annoucements – Budget 2017

 HIGHLIGHTS:

Capital Gains : The limit to Long terms Capital Gains has been reduced to 2 years from earlier 3 years.

Notional Rental Income: The developers to get  one year’s time to pay tax on notional rental income on completed unsold residential inventory.

Affordable Housing: The developers will now be eligible for several Government incentives, subsidies, tax benefits and most importantly institutional funding.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s