As the new financial year is all set to begin, Union Finance Minister Nirmala Sitharaman

presented the 2019 budget in Parliament on Friday, 5th of July. The budget was announced with a lot of exemptions and benefits for the tax payers, along with a few convenience benefits like the PAN and Aadhaar will now function as alternative modes of identification.

All the more, we witnessed for the very first time a lady minister presenting the annual finance budget. BramhaCorp congratulates her for this great accomplishment. A proud moment indeed for her and the entire nation!

As the budget details are out in the open, you need to understand how it will affect your finances and more importantly, what are the underlying vs direct benefits for you. So we have simplified all the complexities for you to properly understand the positive consequences and implement them to your advantage.

Here are 5 important takeaways from the 2019 finance budget.

  1. PAN-Aadhar

PAN and Aadhaar have been made interchangeable, allowing those who do not have PAN to file income tax returns or prepare property documents, to use their Aadhar card to do so. And for those who do not have their Aadhar can use their PAN for the same.

  1. Home Loans

Home owners can breathe a sigh of relief as Minister Sitharaman said that Modi government is proposing additional tax deduction of INR 1.50 lakh on interest paid on home loans, taken up to March 2020. 

  1. Entrepreneurs remain protected

Entrepreneurs who have planned on selling their homes to bootstrap their start-up ideas will remain shielded from paying tax on the gains made through sale of the property. Minister Nirmala announced an extension of benefits for a period of 2 years, under the Section 54GB of the Income-Tax Act, which was announced by the government in FY13. 

  1. Tenants shall rejoice!

Minister Nirmala stated that the government will introduce a new model for the tenancy law to revamp the rental housing market and has proposed further tax incentives for the same with its continued effort to achieve the ‘Housing for All’ target by 2022.

  1. Tax-exemption on property sale proceeds.

During the budget presentation by Minister Nirmala the, it was announced that the tax exemption on capital gained from the sale of house property was extended to re-investment of the proceeds in two residential properties, instead of just a single house property which was available prior to the budget.

Leave a comment

 

Disclaimer

We are currently in the process of revising our website in consonance with the REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016 and the RULES made thereunder (“RERA”), which have been brought into effect from 1st May, 2017. Until our website is duly revised and updated, none of the images, material, stock photography, projections, details, descriptions and other information that are currently available and/or displayed on the website, should be deemed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer, invitation to acquire, including within the purview of the RERA.
You are therefore requested to directly verify all details and aspects of any proposed booking / acquisition of apartments / premises, directly with our authorized representatives. Please do not rely completely on the information contained on this website, until our revision and process of update is complete. Please note, that we will not be accepting any bookings or allotments based on the images, material, stock photography, projections, details, descriptions that are currently available and/or displayed on the website.
Brand impressions, floor plans, layout plans, specifications, images, names, drawings, perspectives, models, graphics, logos, icons and other details herein are only indicative and the Promoter / Owner reserves the right to change all or any of them. Amenities and features of the project listed on the website are subject to change / deletion at the discretion of the Promoter and / or subject to changes on the directions issued by the Competent Authorities. The offerings outlined in those advertisements in whatever form may not be a part of the initial phase / present phase of the project and may be delivered in later phases or on completion of the Project.
This web site material does not constitute an offer and/or contract of any type between the Promoter / Owner and the Recipient, any Purchaser of the Unit / Apartment of the Project shall be governed solely by the terms and conditions of the Agreement for Sale executed between the Purchaser and the Developer / Owner / Promoter and no details / information mentioned on this website material shall in any way govern or cover or be considered as the terms and conditions of such sale.
The content provided on this Site is intended for informational purposes only and is not intended to constitute an offer or solicitation. It is Artistic impression of the proposed project / layout shown on this site and is indicative of how the unit can be used. No furniture, landscape amenities or accessories shown in the visuals are provided with the apartment.
All floor plans, layout plans, specifications, images and other details herein are only indicative and the Promoter / owner reserves the right to change any or all of these in the interest of the development / project. Marginal revisions may be necessary during construction of entire Project in separate Phases. The common areas and amenities that have been shown in any advertisement, audio visuals and/or any type of communication in any form whatsoever is/are for the entire Project and not specific for any particular building or phase of the Project and that the common areas and amenities will not be available on completion of the first phase of the Project or later phases. The common areas and amenities shall be available for the entire project and will be developed in a phase-wise manner, over a period of time.
All apartments about which information is provided herein are subject to prior sale. Prospective purchasers must visit BRAMHACORP LIMITED Sales Office to purchase an Apartment. Despite the efforts of BRAMHACORP LIMITED to provide accurate information on this Site, it is not possible to ensure that all information is correct or up to date.

ENQUIRE
close slider
BramhaCorp Enquiry
Name Phone Number

Email
Interested-In

Where did you hear about us?

Message

Disclaimer : By filling our web inquiry form, you authorize us to send you transactional and promotional SMSes and calls regarding the products/services you have shown interest in.