tax sop for affordable home developer

The government announced that capital gains of up to Rs 2 crore could be rolled over for investment in two housing units from the current one unit only. It also exempted tax on notional rent on a second self-occupied house.(PTI/ Representative Image)

Budget 2019: Govt extends tax sops for affordable home developers; no tax on notional rent for unsold units

New Delhi | By Press Trust of India
UPDATED ON FEB 01, 2019 05:40 PM IST
In his budget speech, Goyal said benefits under Section 80-IBA of the Income Tax Act are being extended for one more year, i.e, to housing projects approved till March next year. This proposal would boost supply of affordable housing.
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