Related to RE:
This is what i could get from the budget.
Good >
First time home buyers for 2013-14 taking loan upto 25 lacs from 1-4-13 to
31-3-14 will be granted 1L tax deduction extra on the already existing 1.5 L
Bad>
1% TDS on sale of Properties above Rs. 50 lacs.
Any other related points ? What about the infrastructure status ? affordable housing initiatives ?
Chidu was grumbling about the 83k vacant flats in Mumbai and I was under the impression this budget will have something about curbing the rising RE costs...could not find much but may be I am mistaken..
Please share your thoughts...
This is what i could get from the budget.
Good >
First time home buyers for 2013-14 taking loan upto 25 lacs from 1-4-13 to
31-3-14 will be granted 1L tax deduction extra on the already existing 1.5 L
Bad>
1% TDS on sale of Properties above Rs. 50 lacs.
Any other related points ? What about the infrastructure status ? affordable housing initiatives ?
Chidu was grumbling about the 83k vacant flats in Mumbai and I was under the impression this budget will have something about curbing the rising RE costs...could not find much but may be I am mistaken..
Please share your thoughts...