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Finance Minister announces Measures for Promoting Affordable Housing and Real Estate Sector

Budget - Dated:- 1-2-2017 - Making the Scheme for profit-linked income tax exemption for promoters of affordable housing scheme announced last year more attractive, the Union Finance Minister Shri Arun Jaitley proposed a number of changes while prese .....

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that the 30 sq.mtr. limit will apply only in case of municipal limits of 4 metropolitan cities while for the rest of the country including in the peripheral areas of metros, limit of 60 sq.mtr. will apply. The Finance Minister also proposed to extend .....

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come. For builders for whom the constructed buildings are stock-in-trade, Shri Jaitley proposed to apply this rule only after the end of the year in which completion certificate is received so as to give the builders some breathing time for liquidati .....

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