Ar Sanjay Goel.
Ludhiana, February 1, 2019: Reacting to the Union Government’s Interim Budget 2019 Ar Sanjay Goel, Chairman, Punjab Architects and Director Ludhiana Smart City Ltd said today that recommendations to GST council for reducing GST rates for home buyers is welcome step as cost of construction is already very high , so GST must be least.
In a statement here, he added exempt on tax on second self-occupied house is not good as on one hand government is promoting affordable housing for poor, those having no home. One house per tax payer is okay, why second with tax exemption, he asked. He added already India is fast losing its fertile green cover due to mass urbanization.
Capital Tax Benefit u/s 54 has increased from investment in one residential house to two houses - one house per tax payer was okay, he said.