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Tuesday, March 8, 2016

some measures in the 2016 federal budget

In an aim to provide all housing, affordable housing, which will enable the Government to come up with some measures in the 2016
federal budget.

 1. Land of 30 square up to a 100% deduction of profits, it is one thing to be in the program. In other cities, during June 2016 and March 2019 to approve the completion of three years and 60 square meters in the four metro cities. M.

2., MAT apply.

3. The cost of the house does not exceed Rs 50 lakh, where the first-time home buyers, and approved in 2016-17 for loans up to Rs 35 lakh per annum interest on the additional deduction of Rs 50,000.

4. REITs and certain shares after the date of distribution of INVITs sun made out of income in respect of the dividends distributed, subject to dividend distribution tax. No federal or state government, including PPP projects under the program of construction of affordable housing for up to 60 square meters

5. For service tax exemption.

6. Use Ready Mix Concrete construction work on the site of the excise tax exemption currently available to the concrete mix, stretch.

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