Help for Builders with Home­buy­ers in Mind

The Economic Times - - Front Page -

The Bud­get of­fers a one-year tax break upon get­ting com­ple­tion cer­tifi­cate, al­low­ing de­vel­op­ers time to sell stock and re­duc­ing lit­i­ga­tion on no­tional in­come from such as­sets. Ex­tend­ing point of tax­a­tion on joint de­vel­op­ments to project com­ple­tion is likely to ease land prices and thereby house prices. Buy­ers are ex­empt from long-term cap­i­tal gains tax if they sell prop­erty af­ter 2 years.

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