Before the elections, the Masterstroke of the Modi Government: 'Relief Relief' in Budget for Those Who Buy a Home

Before the elections, the Masterstroke of the Modi Government: 'Relief Relief' in Budget for Those Who Buy a Home

New Delhi: Budget 2019: If you have a house or you are thinking of buying a home loan, then you have brought the last budget of the Modi government (Budget 2019) for the purpose. This is the government's attempt to put an end to the property market struggling with recession. Those who have 2 or more houses, had to pay rent on the market according to the market. Because your rent was considered as part of your income. Even then why did not it empty? Now the tax on the second house will not be given. Meaning you can show self-occupiers to two houses, but in the third house, you have to pay the rent.

The people who sold their house had to pay the capital gains tax. That is a tax on the benefits of selling the house. And the way to avoid this tax was to invest in that benefit in another house. But the landlord could take the same house instead of a house that has now been changed. Now you can invest in 2 houses by selling a house of up to 2 crores. But only once in life.

Budget 2019: Desperation in the industry, small taxpayers expect tax exemption

Taxes on the possible rental of a vacant house, that tax was also made, which were not sold and they were with them only. Those builders have also been rescued for two years after the construction of this rental. The tax holiday was given to builders who had made small houses for promotion of affordable houses, that is, to promote affordable housing. It's been a year and continued. A group of ministers will be formed with advice from the GST Council, which can take big decisions on the impact of GST on houses.

AAP said on the interim budget of Modi Government-

Budget relief for home buyers

No other tax on the second house lying vacant

Even at the empty house, the tax was to be paid by the market according to the market

Permission to invest in 2 houses to save capital gains tax

Relief on sale of houses up to 2 crores

Builders will not pay tax on vacant homes

Taxpayers fully taxpayers to build affordable houses

Promises to reduce GST impact on houses