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Union Budget offers Income Tax benefits to promote housing

August 14, 2019[2019] 108 taxmann.com 153 (Article)
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The Finance Minister Mrs Nirmala Sitharaman presented the first Budget of NDA 2.0 on 5th July, 2019. It has been approved by Parliament. Some income tax benefits have been offered to promote housing especially affordable housing. The benefits are provided to buyers of affordable houses as well as also to builders. Definition of affordable housing has been liberalised.
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