Listen To The Article The budget decision to limit the deduction from capital gains on investment in residential property under Sections 54 and 54F to Rs 10 crore is likely to dampen demand for super-luxury real estate. Sections 54 and 54F of the Income Tax Act of 1961 apply to long-term capital gains (LTCG) on selling capital assets such as homes, equity, bonds, and gold and their...
Listen To The Article The Union Budget 2023 is comprised of a number of major announcements linked to the real estate industry and has a long-term impact. Infrastructure investment has a large multiplier effect on economic growth and employment. Private investments resume after post-pandemic home demands. Budget 2023 takes the initiative to accelerate the virtuous cycle of investment and...