New Delhi, February 02, 2018: “Provisioning of Income Tax rebate upto 5 lac per annum reiterates the government’s commitment to bringing a large number of tax payers under the tax net. The tax rebate will facilitate greater money circulation through banking and economy channels. Real estate affordability and accessibility through increase in infrastructure development budget and housing under PMAY will bolster consumer sentiments in the realty sector, leading to rise in home sales in cities and their outskirts. GST needs to be simplified on a priority basis for easing real estate sector sentiments and expediting completion of under-construction projects. Demonetization has started showing a positive effect on the economy and with amended Income Tax rules, a large number of the unbanked population will be brought within the ambit of the organized banking framework”
Corporate Comm India(CCI Newswire)
