budget

REAL ESTATE SECTOR, ANNULLED FROM THE ACTUALITY OF THE SCENARIO Amplification in the supply of affordable homes and the requirement to meet the objective of ‘Housing for All’ has landed the developers of these projects in a tax holiday on profit situation. Under section 24B of the Income Tax Act, deductions have been permitted to the consumers up to Rs. 2lakh interest payments on loans for houses for properties occupied by self. Nirmala Sitharam, Finance Minister, in her July budget quoted permission for further deductions…

Dear Shri Arun Jaitley, Hope my letter would find you in the best of health and spirit. Since I am a law abiding, taxpaying citizen, please do not burden me with heavy taxes. We salaried classes have taken the maximum impact while my wealthy businessman neighbors or the local politician I meet after every five years have been multiplying their wealth exponentially.  I do not fancy Audis and BMWs, but please make sure I can buy a Maruti Swift for my family after working hard for over two decades. I have been told you are a…