The Interim Budget 2019-20

AUM CAPITAL | Feb. 1, 2019, 12:49 p.m.

In a major boost to the ailing real estate sector, the budget has proposed to provide the benefit of rolling over capital gains for the investment made in two residential properties (earlier, the benefit was limited to one property). Notional rent earlier applicable to the second house has been waived off, considering the situational needs of common people and tax breaks for construction of affordable homes and other incremental measures indicate that the government is looking at real estate as an essential driver to augment the economy. Further, the government is looking at rationalization of GST to  homebuyers. The GST council will appoint a Group of Ministers for continuous examination and recommendations based on which further steps will be taken.

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