Union Budget 2021 | FM Sitharaman Extends Affordable Housing Benefit Until March 2022

Union Budget 2021 | FM Sitharaman extends affordable housing benefit until March 2022
In order to promote supply of Affordable Rental Housing for the migrant workers, it is also proposed to allow a new tax exemption for the notified Affordable Rental Housing Projects
Finance minister Nirmala Sitharaman on February 1 extended the affordable housing benefit by one more year until March 2022. The FM also announced tax exemption for rental housing projects in her Budget speech.
The income tax rebate of Rs 1.5 lakh for affordable home loans will continue until March 2022, she said.
In order to promote supply of Affordable Rental Housing for the migrant workers, it is also proposed to allow a new tax exemption for the notified Affordable Rental Housing Projects, she said.

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