How Rs 10 crore capital gains deductible limit is imposed on residential property reinvestment – | NutSocia

Minister of Finance Nirmala Sitharaman On Wednesday recommended capping the deduction capital gain on investment in residential property under Sections 54 and 54F of RS 10 crore. The new provision seeks to prevent huge deductions being claimed by wealthy appraisers after purchasing very expensive homes. Previously, there was no such limit, and typically high net … Read more

Budget 2023: Real estate industry wants tax cuts, PPP in affordable housing – Business Standard | NutSocia

The center should raise the tax-deductible limit on home loan interest from Rs. 2,000 to Rs. 5,000 in the forthcoming 2023-24 budget, property industry experts said business standard. They also suggested that some incentives to promote the public-private partnership (PPP) model for affordable housing should be introduced. “After a … Read more