SlideShare a Scribd company logo
BUDGET
2 19
IMPACT ON INDIAN REAL ESTATE
The Operating System for
Property Management
FOR PROPERTY OWNERS
EXEMPTION FROM NOTIONAL RENT FROM 2ND
SELF OCCUPIED HOUSE
Previously:
• If you own 2 or more properties, you are liable to pay
income tax on the notional rent from all properties
except the 1st one (Even if they are occupied by self or
kept locked).
Now:
• Property owners won’t have to pay tax on the 2nd
property (Deemed to be self-occupied) till March-2020
1
TDS THRESHOLD INCREASED TO Rs. 2.4L
Previously:
• Tenants of properties (in non-residential dwellings) need
to deduct and remit TDS if the annual rent higher than
Rs. 1.8 Lakhs
Now:
• Tenants of properties need to deduct and remit TDS only
for those properties with annual rent higher than Rs. 2.4
Lakhs
FOR PROPERTY OWNERS
2
SECTION 54 OF INCOME TAX EXTENDED TO 2
PROPERTIES
Previously:
• Under section 54, when a property owner sells a real
estate asset, the capital gains tax can be deferred if the
owner re-invests the money into another real estate
asset. This provision can be used only once in a lifetime
Now:
• This provision can be availed even if the owner is using
the proceeds to buy 2 properties instead of 1 (Limit of Rs.
2Cr applicable on sale value)
FOR PROPERTY OWNERS
3
EXEMPTION IN LEVY OF TAX ON NOTIONAL RENT
FOR UNSOLD INVENTORY FROM 1 TO 2 YEARS
Previously:
• The Real estate developers need to pay a notional tax on
their unsold inventory after 12 months from the date of
completion of their project
Now:
• The grace period availing this exemption has been
extended from 12 months to 24 months.
FOR REAL ESTATE DEVELOPERS
4
INCENTIVES TO BUY AFFORDABLE HOUSING UNDER
SEC 80-IBA
Previously:
• Exemption from Capital Gains tax for people buying an
affordable house under Sec 80-IBA was applicable only if
projects were approved between 2017 till 2019. Basically,
this exempts home buyers from 100% of the capital gains
they might reap from investing in affordable houses
Now:
• This facility has been extended to projects which get
approved
FOR HOME BUYERS
5
For more information, log
on to
www.thehousemonk.com

More Related Content

What's hot

Computation of Income from House property
Computation of Income from House property Computation of Income from House property
Computation of Income from House property
Dr. Sanjay Sawant Dessai
 
Lecture 10 income from house property
Lecture 10   income from house propertyLecture 10   income from house property
Lecture 10 income from house property
sumit235
 
Income from house_property_ppt
Income from house_property_pptIncome from house_property_ppt
Income from house_property_ppt
suharocks
 
Income from house property
Income from house propertyIncome from house property
Income from house property
DVSResearchFoundatio
 
Tenant protection act of 2020
Tenant protection act of 2020Tenant protection act of 2020
Tenant protection act of 2020
Bobby Sharma
 
Computation of income from house property
Computation of income from house propertyComputation of income from house property
Computation of income from house property
Dr. Sanjay Sawant Dessai
 
Income from House Property
Income from House PropertyIncome from House Property
Income from House Property
Tripathi Online Educare
 
Income from house property - DR. MINAL BHANDARI
Income from house property - DR. MINAL BHANDARIIncome from house property - DR. MINAL BHANDARI
Income from house property - DR. MINAL BHANDARI
MinalBhandari2
 
Income from house property
Income from house propertyIncome from house property
Income from house property
Dr. Sanjay Sawant Dessai
 
Income from house property
Income from house propertyIncome from house property
Income from house property
CA Dr. Prithvi Ranjan Parhi
 
Income from house property 1
Income from house property 1Income from house property 1
Income from house property 1
ankitmaan12
 
INCOME FROM HOUSE PROPERTY
INCOME FROM HOUSE PROPERTYINCOME FROM HOUSE PROPERTY
INCOME FROM HOUSE PROPERTY
Admin SBS
 
Income From House Property
Income From House PropertyIncome From House Property
Income From House Property
Vandana Vandu
 
INCOME TAX LAW & PRACTICE
INCOME TAX LAW & PRACTICEINCOME TAX LAW & PRACTICE
INCOME TAX LAW & PRACTICE
JEENA ANTONY
 
Income from house property
Income from house propertyIncome from house property
Income from house property
P.Ravichandran Chandran
 
Income from House property
Income from House property Income from House property
Income from House property
Chella Pandian
 
Income from house property [autosaved]
Income from house property [autosaved]Income from house property [autosaved]
Income from house property [autosaved]
ZaraKhan214
 
Lesson 18 weath-2
Lesson 18 weath-2Lesson 18 weath-2
Lesson 18 weath-2
Kinnar Majithia
 
Computation of income from house property
Computation of income from house property Computation of income from house property
Computation of income from house property
Dr. Sanjay Sawant Dessai
 

What's hot (19)

Computation of Income from House property
Computation of Income from House property Computation of Income from House property
Computation of Income from House property
 
Lecture 10 income from house property
Lecture 10   income from house propertyLecture 10   income from house property
Lecture 10 income from house property
 
Income from house_property_ppt
Income from house_property_pptIncome from house_property_ppt
Income from house_property_ppt
 
Income from house property
Income from house propertyIncome from house property
Income from house property
 
Tenant protection act of 2020
Tenant protection act of 2020Tenant protection act of 2020
Tenant protection act of 2020
 
Computation of income from house property
Computation of income from house propertyComputation of income from house property
Computation of income from house property
 
Income from House Property
Income from House PropertyIncome from House Property
Income from House Property
 
Income from house property - DR. MINAL BHANDARI
Income from house property - DR. MINAL BHANDARIIncome from house property - DR. MINAL BHANDARI
Income from house property - DR. MINAL BHANDARI
 
Income from house property
Income from house propertyIncome from house property
Income from house property
 
Income from house property
Income from house propertyIncome from house property
Income from house property
 
Income from house property 1
Income from house property 1Income from house property 1
Income from house property 1
 
INCOME FROM HOUSE PROPERTY
INCOME FROM HOUSE PROPERTYINCOME FROM HOUSE PROPERTY
INCOME FROM HOUSE PROPERTY
 
Income From House Property
Income From House PropertyIncome From House Property
Income From House Property
 
INCOME TAX LAW & PRACTICE
INCOME TAX LAW & PRACTICEINCOME TAX LAW & PRACTICE
INCOME TAX LAW & PRACTICE
 
Income from house property
Income from house propertyIncome from house property
Income from house property
 
Income from House property
Income from House property Income from House property
Income from House property
 
Income from house property [autosaved]
Income from house property [autosaved]Income from house property [autosaved]
Income from house property [autosaved]
 
Lesson 18 weath-2
Lesson 18 weath-2Lesson 18 weath-2
Lesson 18 weath-2
 
Computation of income from house property
Computation of income from house property Computation of income from house property
Computation of income from house property
 

Similar to Budget 2019 impact on real estate(edited)

income from house propertytax law 1961.pptx
income from house propertytax law 1961.pptxincome from house propertytax law 1961.pptx
income from house propertytax law 1961.pptx
rathnamano186
 
House Property & Taxes
House Property & TaxesHouse Property & Taxes
House Property & Taxes
Javeria Ansari
 
New income ...........
New income ...........New income ...........
New income ...........
Giridhar Sabannavar
 
New income tax ( By GIRIDHAR.S )
New income tax ( By GIRIDHAR.S )New income tax ( By GIRIDHAR.S )
New income tax ( By GIRIDHAR.S )
Giridhar Sabannavar
 
Proposed Amendment in income tax finance bill 2019
Proposed Amendment in income tax finance bill 2019Proposed Amendment in income tax finance bill 2019
Proposed Amendment in income tax finance bill 2019
Mohd.Asif Khan
 
Vaibhavi ppt income from hp
Vaibhavi ppt income from hpVaibhavi ppt income from hp
Vaibhavi ppt income from hp
Vaibhavi Vazirani
 
Legislations governing the housing industry in india
Legislations governing the housing industry in indiaLegislations governing the housing industry in india
Legislations governing the housing industry in india
Rajat Nainwal
 
Ab 1482 presentation
Ab 1482 presentationAb 1482 presentation
Ab 1482 presentation
Madison Williamson
 
Tenant Protection Act of 2019
Tenant Protection Act of 2019Tenant Protection Act of 2019
Tenant Protection Act of 2019
Madison Williamson
 
Opportunity Funds
Opportunity FundsOpportunity Funds
Opportunity Funds
Jeff Armstrong
 
Tax Benefits on Home Loan - India
Tax Benefits on Home Loan - IndiaTax Benefits on Home Loan - India
Tax Benefits on Home Loan - India
LoanEasy
 
Real estate bill 2016
Real estate bill 2016Real estate bill 2016
Real estate bill 2016
Swanand Dhondse
 
Exoticahousing.in | Builders in_Noida
Exoticahousing.in | Builders in_NoidaExoticahousing.in | Builders in_Noida
Exoticahousing.in | Builders in_Noida
Exotica Housing
 
real estate invester guide
real estate invester guidereal estate invester guide
real estate invester guide
reddvise
 
PKF Francis Clark 2018 Property Seminar - full presentation
PKF Francis Clark 2018 Property Seminar -  full presentationPKF Francis Clark 2018 Property Seminar -  full presentation
PKF Francis Clark 2018 Property Seminar - full presentation
PKF Francis Clark
 
Capital gains section 54.pptx1111111111111111111111111111
Capital gains section 54.pptx1111111111111111111111111111Capital gains section 54.pptx1111111111111111111111111111
Capital gains section 54.pptx1111111111111111111111111111
akashdp619
 
Income from House Property . Tax on rent of house property
Income from House Property . Tax on rent of house propertyIncome from House Property . Tax on rent of house property
Income from House Property . Tax on rent of house property
Subhamkumar250411
 
Real estate investor's guide
Real estate investor's guideReal estate investor's guide
Real estate investor's guide
umrella
 
Interim union budget highlights 2019
Interim union budget highlights 2019Interim union budget highlights 2019
Interim union budget highlights 2019
Deepak Arya
 
Ready to move flats in noida extension | ExoticaHousing.in
Ready to move flats in noida extension | ExoticaHousing.inReady to move flats in noida extension | ExoticaHousing.in
Ready to move flats in noida extension | ExoticaHousing.in
Exotica Housing
 

Similar to Budget 2019 impact on real estate(edited) (20)

income from house propertytax law 1961.pptx
income from house propertytax law 1961.pptxincome from house propertytax law 1961.pptx
income from house propertytax law 1961.pptx
 
House Property & Taxes
House Property & TaxesHouse Property & Taxes
House Property & Taxes
 
New income ...........
New income ...........New income ...........
New income ...........
 
New income tax ( By GIRIDHAR.S )
New income tax ( By GIRIDHAR.S )New income tax ( By GIRIDHAR.S )
New income tax ( By GIRIDHAR.S )
 
Proposed Amendment in income tax finance bill 2019
Proposed Amendment in income tax finance bill 2019Proposed Amendment in income tax finance bill 2019
Proposed Amendment in income tax finance bill 2019
 
Vaibhavi ppt income from hp
Vaibhavi ppt income from hpVaibhavi ppt income from hp
Vaibhavi ppt income from hp
 
Legislations governing the housing industry in india
Legislations governing the housing industry in indiaLegislations governing the housing industry in india
Legislations governing the housing industry in india
 
Ab 1482 presentation
Ab 1482 presentationAb 1482 presentation
Ab 1482 presentation
 
Tenant Protection Act of 2019
Tenant Protection Act of 2019Tenant Protection Act of 2019
Tenant Protection Act of 2019
 
Opportunity Funds
Opportunity FundsOpportunity Funds
Opportunity Funds
 
Tax Benefits on Home Loan - India
Tax Benefits on Home Loan - IndiaTax Benefits on Home Loan - India
Tax Benefits on Home Loan - India
 
Real estate bill 2016
Real estate bill 2016Real estate bill 2016
Real estate bill 2016
 
Exoticahousing.in | Builders in_Noida
Exoticahousing.in | Builders in_NoidaExoticahousing.in | Builders in_Noida
Exoticahousing.in | Builders in_Noida
 
real estate invester guide
real estate invester guidereal estate invester guide
real estate invester guide
 
PKF Francis Clark 2018 Property Seminar - full presentation
PKF Francis Clark 2018 Property Seminar -  full presentationPKF Francis Clark 2018 Property Seminar -  full presentation
PKF Francis Clark 2018 Property Seminar - full presentation
 
Capital gains section 54.pptx1111111111111111111111111111
Capital gains section 54.pptx1111111111111111111111111111Capital gains section 54.pptx1111111111111111111111111111
Capital gains section 54.pptx1111111111111111111111111111
 
Income from House Property . Tax on rent of house property
Income from House Property . Tax on rent of house propertyIncome from House Property . Tax on rent of house property
Income from House Property . Tax on rent of house property
 
Real estate investor's guide
Real estate investor's guideReal estate investor's guide
Real estate investor's guide
 
Interim union budget highlights 2019
Interim union budget highlights 2019Interim union budget highlights 2019
Interim union budget highlights 2019
 
Ready to move flats in noida extension | ExoticaHousing.in
Ready to move flats in noida extension | ExoticaHousing.inReady to move flats in noida extension | ExoticaHousing.in
Ready to move flats in noida extension | ExoticaHousing.in
 

Recently uploaded

BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
knox groups real estate
 
Things to Consider When Selling Your House - Summer 2024 Edition
Things to Consider When Selling Your House - Summer 2024 EditionThings to Consider When Selling Your House - Summer 2024 Edition
Things to Consider When Selling Your House - Summer 2024 Edition
Tom Blefko
 
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
olgashriki
 
Addis Bleaching Mixed use Apartment- Documentation 6.pdf
Addis Bleaching Mixed use Apartment- Documentation 6.pdfAddis Bleaching Mixed use Apartment- Documentation 6.pdf
Addis Bleaching Mixed use Apartment- Documentation 6.pdf
hawifitumaed
 
Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!
shuilykhatunnil
 
G+10 apartment 1- Sustainable apartment building.pdf
G+10 apartment 1- Sustainable apartment building.pdfG+10 apartment 1- Sustainable apartment building.pdf
G+10 apartment 1- Sustainable apartment building.pdf
hawifitumaed
 
SVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property BroadcastSVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property Broadcast
SVN International Corp.
 
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
a7xjm8n4
 
Recent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaRecent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in India
Farmland Bazaar
 
制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
z5h13yqc
 
Dholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdfDholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdf
Shivgan Infratech
 
Serviced Apartment Ho Chi Minh For Rental
Serviced Apartment Ho Chi Minh For RentalServiced Apartment Ho Chi Minh For Rental
Serviced Apartment Ho Chi Minh For Rental
GVRenting
 
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdfHollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
VickyAulakh1
 
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyAVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
Listing Turkey
 

Recently uploaded (14)

BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...
 
Things to Consider When Selling Your House - Summer 2024 Edition
Things to Consider When Selling Your House - Summer 2024 EditionThings to Consider When Selling Your House - Summer 2024 Edition
Things to Consider When Selling Your House - Summer 2024 Edition
 
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
 
Addis Bleaching Mixed use Apartment- Documentation 6.pdf
Addis Bleaching Mixed use Apartment- Documentation 6.pdfAddis Bleaching Mixed use Apartment- Documentation 6.pdf
Addis Bleaching Mixed use Apartment- Documentation 6.pdf
 
Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!Stark Builders: Where Quality Meets Craftsmanship!
Stark Builders: Where Quality Meets Craftsmanship!
 
G+10 apartment 1- Sustainable apartment building.pdf
G+10 apartment 1- Sustainable apartment building.pdfG+10 apartment 1- Sustainable apartment building.pdf
G+10 apartment 1- Sustainable apartment building.pdf
 
SVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property BroadcastSVN Live 6.10.24 Weekly Property Broadcast
SVN Live 6.10.24 Weekly Property Broadcast
 
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
原版制作(Greenwich毕业证书)格林威治大学毕业证PDF成绩单一模一样
 
Recent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaRecent Trends Fueling The Surge in Farmhouse Demand in India
Recent Trends Fueling The Surge in Farmhouse Demand in India
 
制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
制作(ucr毕业证书)加州大学河滨分校毕业证学历学位证书原版一模一样
 
Dholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdfDholera Smart City Latest Development Status 2024.pdf
Dholera Smart City Latest Development Status 2024.pdf
 
Serviced Apartment Ho Chi Minh For Rental
Serviced Apartment Ho Chi Minh For RentalServiced Apartment Ho Chi Minh For Rental
Serviced Apartment Ho Chi Minh For Rental
 
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdfHollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
HollandRow_17x11_Insert_Floorplan_Feature sheet.pdf
 
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyAVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing Turkey
 

Budget 2019 impact on real estate(edited)

  • 1. BUDGET 2 19 IMPACT ON INDIAN REAL ESTATE The Operating System for Property Management
  • 2. FOR PROPERTY OWNERS EXEMPTION FROM NOTIONAL RENT FROM 2ND SELF OCCUPIED HOUSE Previously: • If you own 2 or more properties, you are liable to pay income tax on the notional rent from all properties except the 1st one (Even if they are occupied by self or kept locked). Now: • Property owners won’t have to pay tax on the 2nd property (Deemed to be self-occupied) till March-2020 1
  • 3. TDS THRESHOLD INCREASED TO Rs. 2.4L Previously: • Tenants of properties (in non-residential dwellings) need to deduct and remit TDS if the annual rent higher than Rs. 1.8 Lakhs Now: • Tenants of properties need to deduct and remit TDS only for those properties with annual rent higher than Rs. 2.4 Lakhs FOR PROPERTY OWNERS 2
  • 4. SECTION 54 OF INCOME TAX EXTENDED TO 2 PROPERTIES Previously: • Under section 54, when a property owner sells a real estate asset, the capital gains tax can be deferred if the owner re-invests the money into another real estate asset. This provision can be used only once in a lifetime Now: • This provision can be availed even if the owner is using the proceeds to buy 2 properties instead of 1 (Limit of Rs. 2Cr applicable on sale value) FOR PROPERTY OWNERS 3
  • 5. EXEMPTION IN LEVY OF TAX ON NOTIONAL RENT FOR UNSOLD INVENTORY FROM 1 TO 2 YEARS Previously: • The Real estate developers need to pay a notional tax on their unsold inventory after 12 months from the date of completion of their project Now: • The grace period availing this exemption has been extended from 12 months to 24 months. FOR REAL ESTATE DEVELOPERS 4
  • 6. INCENTIVES TO BUY AFFORDABLE HOUSING UNDER SEC 80-IBA Previously: • Exemption from Capital Gains tax for people buying an affordable house under Sec 80-IBA was applicable only if projects were approved between 2017 till 2019. Basically, this exempts home buyers from 100% of the capital gains they might reap from investing in affordable houses Now: • This facility has been extended to projects which get approved FOR HOME BUYERS 5
  • 7. For more information, log on to www.thehousemonk.com