Welcome, Guest    
 
Login  Contact Us RSS Feeds
Home
  Add Property                
Register Free to find a Perfect life partner In AnytimeMatrimony | Equated Monthly Installment(EMI) Calculator | Stamp Duty Calculator | Area Conversion Calculator | Know answer for your Taxation query | Ask Legal Advice @ Free of cost | Vaastu Tips
FAQ Sitemap
 
Newsletter Signup
Subscribe for our property news letter



 
 
News Search
Type a keyword to search.



[OR]

Select a city to search property news.


 
 
News Archieves
September 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
September 2008
June 2008
February 2008
January 2008
December 2007
November 2007
 
 
External Links
 ICICI Home Loans
 LIC Housing
 HDFC Home Loans
 SBI Home Loans
 Axis Bank Home Loans
 Tamilnadu Govt Links
adProperty News

     
 
The building industry awaits incentives
Source : The Hindu Property Plus Published On : 2009-02-21 City : Kochi

The interim budget has not much to offer to the steel and cement industries.

Cement prices came down marginally in December last year when the government cut the excise duty across the board.

 Building on these, the building and infrastructure industry can look forward to further measures after the Lok sabha elections.

 As of any other industry, the building industry’s wish list can be long, the industry is now looking to provide low-cost housing of affordable housing, aimed at the lower income groups. A senior official of a finance company says that 2009 can be the year when builders can take close look at this section.

 Significant tax breaks for affordable housing is one of the incentives the government can offer.

The budget did not tweak the tax rates, and the steel and cement industries are looking for further cuts in excise duties.

 The building industry will be looking for further cuts in interest rates on housing loans even has there have been suggestions that the interest payment eligible for tax exemption can be raised. Up to Rs.15lakh paid toward interest is deducted from the total income for tax calculations in a financial year under section 24(2) of the Income tax Act, principal payment is being considered under section 80(c), along with other investments such as the provident Fund contribution, insurance premium and so on. 

 Borrowers can be encourage to pay in excess of their educated monthly installments with tax incentives, the stimulus packages announced by the government in December and January had sought to give the housing sector a big boost. The inters concession on loans up to Rs.20lakh has been a help though reports say that job losses and pay cuts in the information technology and information technology enabled services sectors make banks less willing to lend.  

K.A.M.
    Back
 
     

 

More on Anytimeproperty
 
City Based Properties
 
Useful Tools Property News Search Property Calculators Others
© 2017 Any Time Property All Rights Reserved. Home | About Us | Advertise | Testimonials | Help & Support | Contact Us | Careers | FAQ | Feedback | Sitemap
Privacy Policy | Terms and Conditions Developed by Snick Technologies