Government Extends Eligibility Period For Claiming Tax Holiday By One More Year


2021-02-02 15:26:22

Budget 2021: Government Approves Affordable Housing Projects Till March 2022

Budget 2021: Finance Minister Nirmala Sitharaman presented the budget on February 1, 2021

Budegt 2021: Finance Minister Nirmala Sitharaman ordered to incentivise the purchase of affordable house, and proposed to extend the eligibility period for claim of additional deduction for interest of Rs 1.5 lakh paid for loan taken for purchase of an affordable house to 31st March 2022. In order to increase the supply of affordable house, she announced the extension of the eligibility period for claiming tax holiday for affordable housing project by one more year to March 31, 2022. In order to promote supply of Affordable Rental Housing for the migrant workers, it was also proposed to allow a new tax exemption for the notified Affordable Rental Housing Projects.

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