TAX RELIEFS FOR THE HOUSING SECTOR

The government has several Tax reliefs for the home-buyers. These are discussed below- Now, an Additional Interest deduction of ₹1.5 lakhs is available to the buyers of affordable houses. This deduction is available for the home loans sanctioned up to 31st March 2021. Earlier this limit was 31st March 2020. The tax holiday of developers of affordable housing is also extended by another one year up to 31st March 2021. However, there is a difference in value allowed up to 10% of stamp duty value while sale or purchase of an immovable property.