February 1, 2021
1 min read

Tax deduction on housing loans extended

The deduction so far was allowed on housing loans sanctioned on or before March 31, 2021…reports Asian Lite News

In a bid to increase demand in the realty market, Finance Minister Nirmala Sitharaman on Monday announced to extend the additional deduction of up to Rs 1.5 lakh for interest paid on loans of purchase of affordable houses, up to March 2022.

The deduction so far was allowed on housing loans sanctioned on or before March 31, 2021.

Further, in order to boost the supply of affordable houses in the country, the Budget proposed a tax holiday on profits earned by developers of affordable housing project approved by March 31, 2021.

The measures are expected to boost demand in the subdued realty sector.

Also read:Congress slams Budget as anti-farmer

Previous Story

Congress slams Budget as anti-farmer

Next Story

Budget 2021: Rs 1,500cr scheme to boost digital payments

Latest from -Top News

India Slams BBC Over Pahalgam Coverage

Several social media users pointed out that the BBC’s headline appeared misleading, giving the impression as if “India killed the tourists.”…reports Asian Lite News India has written to a leading British public
Go toTop