The real estate sector is one such industry. The government, too, is focusing on real estate to meet its objective of “Housing for all by 2022”. The current and prospective buyers of house property are expecting a higher tax deduction on the payment of a principal amount of housing loan. The deduction limit u/s 80C was last increased in the first budget of this government in 2014 to Rs. The incidence of capital gain tax by owner of property on execution of development agreement has always been a matter of dispute.

Source: The Telegraph July 03, 2019 19:18 UTC