Budget 2014
With the Budget 2014-15, Finance Minister Arun Jaitley has pressed the acceleration pedal for the ‘infrastructure development’ in the country. Against the backdrop of the fact that slow approvals, disputes and scandals have dealt a severe blow to infrastructure development in the past, the NDA government has announced new initiatives for developing smart cities, airports [...] Continue Reading »
The Budget 2014-15 is widely being considered a ‘low key’ yet effective and far-reaching budget, especially from the tax perspective. The evident lack of needless flamboyance in the Budget is essentially a reflection of Finance Minister Arun Jaitley’s personal style. On the tax side, the Budget boasts of a number of far-reaching amendments which are [...] Continue Reading »
In a budgetary development which has come as a pleasant surprise to prospective borrowers of home loans, Union Budget 2014-15 comes with a hike in deduction on home loan interest under Section 24. Unfolding tax incentives on home loans, Finance Minister Arun Jaitley announced, during his maiden Budget speech, that deduction on home loan has [...] Continue Reading »
The new NDA government’s recently-presented first budget – the Budget 2014-15 – has given noticeable prominence to the real estate sector, which is awaiting a revival of sorts in recent times. With the realty sector nurturing the hope of rapid development and growth ever since the new government took charge, the Confederation of Real Estate [...] Continue Reading »
In the Union Budget 2014-15 presented on Thursday, July 10, Finance Minister Arun Jaitley has given the concept of ‘smart cities’ a big push. The Budget not only provides a fresh direction to the popular concept, but also unfolds a roadmap for its effective implementation. Jaitley has earmarked a sum of Rs 7,060 crore for [...] Continue Reading »
The purchase of homes has now become a tad more attractive, at least for the middle class — thanks to NDA government’s Budget 2014-15! In the Budget this year, the deduction against interest payment on home loan from the taxable income has been increased to Rs 2,00,000. It previously was Rs 1,50,000. The move implies [...] Continue Reading »
A number of measures have been announced by the NDA government, in Budget 2014-15, to give a boost to the realty sector and trigger a much-required turnaround. Some of the main steps announced in that direction include Rs 7,060-crore allocation for developing 100 smart cities; reducing the size of projects eligible for FDI from 50,000 [...] Continue Reading »
Giving the housing sector a boost, Union Finance Minister Arun Jaitley has proposed in the Budget 2014-15 deduction limit on account of interest on loan with regard to self-occupied house property has been increased from Rs 1.5 lakh to Rs 2 lakh. In reference to the proposed move, Jaitley said that the high cost of [...] Continue Reading »
Announcing the Union Budget 2014-15 on Thursday, Finance Minister Arun Jaitley said that air travel in the country will be notably improved through the development of new airports in smaller cities and towns. The government’s plans for better airport connectivity in regional areas are apparently rooted in the fact that though airport travel has increased [...] Continue Reading »
The Union Budget 2014-15 has given a noteworthy boost to the real estate and infrastructure sectors of the country. Among the key proposals of the government in the recently-presented Budget are tax incentives for two new investment products — Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The proposed tax incentives for REITs and InvITs will [...] Continue Reading »
