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