Pragativahini News, Belagavi
CREDAI compliments Finance Minister Piyush Goyal for a developmental budget.
President Quis Noorani released a press statement in this regard. Budget which pushes forward the imperatives of growth, employment and agrarian incomes while maintaining fiscal rectitude with deficit at only 3.4 per cent of GDP. Specially happy to note that housing for All by 2022 is considered by the Government to be an essential component of New India, he said.
Further he stated, PM Kisan Samman Nidhi is a revolutionary step to augment incomes of vulnerable farmers. The Budget is a dream come true for real estate. Formal recognition in the Budget to reduce GST burden on home buyers based on GOM recommendations is a matter of satisfaction for real estate industry. Section 24 benefit relieving second houses from income tax on notional rent and exempting second homes investment from capital gains would revive the sluggish demand for housing. Increasing the TDS threshold to Rs. 2.4 lakh and allowing two years exemption from notional rent on unsold inventory remove major irritants. Section 80IBA extension by one year is a boast to affordable housing. *Above all, freeing incomes up to Rs. 5 lakh from income tax which potentially means exemptions on incomes of Rs. 6.5 lakh or more, increases the purchasing power and the power to invest in the hands of the consumer capable of flowing into housing. Vision 2030 provides an anchorage for the hopes and efforts of the entire nation.
ಪ್ರಗತಿವಾಹಿನಿ ಸುದ್ದಿಗಳನ್ನು ನಿಮ್ಮ ಸ್ನೇಹಿತರಿಗೆ, ಬೇರೆ ಗ್ರುಪ್ ಗಳಿಗೆ ಶೇರ್ ಮಾಡಿ
