Budget 2021: Realtors seek tax exemptions to boost housing demand
Confederation of Real Estate Developers Associations of India, which has around 20,000 members from across the country, also recommended tax incentives to boost investment in Real Estate Investment Trusts (REITs)
PTI | January 10, 2021 | Updated 22:41 IST
Realtors apex body CREDAI has suggested the government to increase tax exemptions in the upcoming Budget to boost housing demand and enhance limit of deduction under section 80C of income tax for principal repayment on home loans.
It also said that there should be a separate exemption for principal repayment on home loans.
The Budget for financial year 2021-22 will be presented on February 1.