Post Budget Reaction by Mr. Maulik Doshi, Senior Executive Director – Transfer Pricing and Transaction Advisory Services SKP Business Consulting LLP

As expected the budget has been populist where many sops have been provided to middle class tax payers and farmers. Overall it appears to be a good budget with a mix of populist and pragmatic statements. The most important aspect was maintaining the fiscal deficit targets even after doling out benefits. Real estate sector has also been given impetus by extending tax holiday for affordable housing, increasing period from 1 year to 2 year for taxing notional rent on unsold inventory, rollover capital gains benefit for 2 houses, etc. This will go a long way in meeting government aim of housing for all by 2020. News Service

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