Impacts of Budget 2019 on Real Estate Sector:

  • No tax on notional rent on second self occupied property.
  • TDS threshold on rental income raised from Rs 1,80,000/- to  Rs 2,40,000
  • Benefits of rollover of capital tax gains to be increased from investment in one residential house to that in two residential houses.
  • Benefits under section 80(i)BA being extended for one more year for all housing projects approved till end of 2019-2020.
  • Tax on notional rent on unsold inventory to be levied after 2 years.
  • Govt has formed a panel to resolve GST Issues troubling real estate sector.
  • Govt aims to build next-generation infrastructure -Physical as well as social – for a $10 Trillion economy and to provide ease of living

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