Run-Up To Budget 2003
The finance ministry is planning to increase the tax exemption on rental income, which is 30 per cent at present, in the forthcoming Budget to boost rental housing.
While the limit up to which the exemption will be provided is still being debated, the ministry of urban development has proposed a 50 per cent exemption on rental income.
The rationale behind the suggestion is it will help attract more investments in the housing sector and help achieve the government
