https://www.taxtmi.com/news?id=17381 Affordable housing exemptions will be assessed by carpet area with a 30 sq.mtr. limit only inside four metropolitan municipal limits and 60 sq.mtr. elsewhere; completion time is extended to five years. Builders will face notional rental taxation on completed unsold units only after the year of receipt of the completion certificate. Long-term capital gains treatment for immovable property is set by a reduced holding period of two years and the indexation base year is moved to 1.4.2001; reinvestment options will be expanded. JDA gains are taxed on project completion, and land pooled for the new Andhra Pradesh capital is exempt for qualifying holders. en-us Wed, 01 Feb 2017 14:22:33 +0530 Wed, 01 Feb 2017 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17381 Affordable housing exemptions will be assessed by carpet area with a 30 sq.mtr. limit only inside four metropolitan municipal limits and 60 sq.mtr. elsewhere; completion time is extended to five years. Builders will face notional rental taxation on completed unsold units only after the year of receipt of the completion certificate. Long-term capital gains treatment for immovable property is set by a reduced holding period of two years and the indexation base year is moved to 1.4.2001; reinvestment options will be expanded. JDA gains are taxed on project completion, and land pooled for the new Andhra Pradesh capital is exempt for qualifying holders. News - Wed, 01 Feb 2017 14:22:33 +0530 https://www.taxtmi.com/news?id=17381