All Posts in Tag: Housing for All

New Tax Benefits Boost Affordability

New Tax Benefits Boost Affordability

While the Union Budget has increased the affordability of budget housing by enhancing the interest rebate on home loan for firsttime buyers, states like Haryana have gone a step ahead with their own affordable housing schemes, to help realize PM Modi’s ‘Housing for all’ programme— A K Tiwary The exemption of Rs 1.5 lakh on…

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Budget All For About Housing For All

Budget: All For About Housing For All

Union Budget 2019 might have failed to meet the expectations of the real estate sector, but it surely provided a further boost to the nation’s affordable housing, apart from giving increased incentives to homebuyers—Mamta Sinha Industry experts say the last few months after the interim Budget have been sluggish for the Indian economy with growth…

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Budget 2019 How To Claim Rs. 3.5 Lakh Income Tax Deduction Against Home Loans

Budget 2019: How To Claim Rs. 3.5 Lakh Income Tax Deduction Against Home Loans

If an assessee satisfies conditions of both Section 24 and Section 80EEA of Income Tax Act, he/she will be able to claim benefits under both sections. Under the objective ‘Housing for all’, the government announced an additional interest deduction on repayment of home loans under certain conditions. Currently, the taxman allows deduction of up to…

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