Real estate sector

1 Feb 2021 PDF
Subject Alerts
Jurisdictions India

On Monday, 1 February 2021, Union Budget 2021 was presented by the Hon'ble Finance Minister Nirmala Sitharaman in the Lok Sabha.

We bring you a detailed analysis on tax and regulatory amendments announced by the Hon'ble Finance Minister at her budget speech.

Key highlights for Real estate services

  • Extension of time limit for availing tax holiday for affordable housing
  • Introduction of tax holiday for notified affordable rental housing projects
  • Extension of time limit for availing exemption on gains from sale of residential property via investment in start-up