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  Business   Centre plans tax sops for renting house

Centre plans tax sops for renting house

Published : Nov 25, 2015, 12:46 am IST
Updated : Nov 25, 2015, 12:46 am IST

In order to spur investment in the housing sector, the government is considering to provide tax incentives for certain projects to ensure ‘Housing for All’ by 2022.

In order to spur investment in the housing sector, the government is considering to provide tax incentives for certain projects to ensure ‘Housing for All’ by 2022. The tax sops, which could be announced in the Union Budget, would aim at promoting investments in rental housing by institutional players.

The tax department, according to sources, is looking at the draft rental housing policy to ascertain the tax incentives that can be doled out to the sector to encourage investments in housing sector. The draft has suggested tax incentives for house owners who will rent out the property.

Location: India, Delhi, New Delhi