REAL ESTATE • October 2007
Union Budget 2007 : Impact On Real Estate
Direct Tax Impact
No extension of tax holiday for small sized housing units
Increase in tax deduction from 20 to 40% for Public company finance for construction/ purchase of houses
No ‘pass through’ status for venture capital investments
100% tax holiday for 5 years for hotels & convention centers in NCR if they start functioning before March 31, 2010.