BUDGET 2016-17: IS THE GOVERNMENT FULFILLING ITS PROMISE TO THE COMMON MAN FOR AFFORDABLE HOUSING?

The union budget 2016-17 focused highly on development of rural, social sectors and infrastructure. It focused more on BPL population, ignoring the middle-income groups, who are the main tax payers of the country. Sugee Team believes that Budget could have done a lot more for the real estate sector. However, there are some positives. The Budget has increased the limit of deduction of rent paid under section 80GG from ₹ 24,000 per annum …