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The CEO Magazine
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nirmalasitharaman

REAL ESTATE SECTOR, ANNULLED FROM THE ACTUALITY OF THE SCENARIO

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…

‘Last-mile funding’: Centre announces steps to boost housing, facilitate homebuyers

'Last-mile funding': Centre announces steps to boost housing, facilitate homebuyers Finance Minister Nirmala Sitharaman took one more step to boost Indian economic, announced measures related to exports and home buyers. Sitharaman announced a total of six steps to boost exports incorporating Dubai-like mega annual shopping festival from next year, new automatic refund system for exporters from next month and the new RoDTEP scheme (Remission of Duties or Taxes on Export Product) on export duties. Now, the government…
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