Proposed deduction for interest on loans for affordable housing - - Loan sanction period must be longer, deduction should be allowed to first time home buyer including families and without limit on cost of house. https://www.taxtmi.com/article/detailed?id=8637 The author urges extending the loan sanction window beyond the single year in the proposal to accommodate realistic house purchase timelines, and recommends removing or raising the stamp duty valuation ceiling so first time buyers and family purchasers (including HUFs) qualify; the note also seeks statutory clarity that the additional interest deduction operates alongside other interest deductions and warns that the narrow sanction period and valuation cap will exclude genuine purchasers. en-us Fri, 26 Jul 2019 08:16:38 +0530 Fri, 26 Jul 2019 08:16:38 +0530 TaxTMI RSS Generator Proposed deduction for interest on loans for affordable housing - - Loan sanction period must be longer, deduction should be allowed to first time home buyer including families and without limit on cost of house. https://www.taxtmi.com/article/detailed?id=8637 The author urges extending the loan sanction window beyond the single year in the proposal to accommodate realistic house purchase timelines, and recommends removing or raising the stamp duty valuation ceiling so first time buyers and family purchasers (including HUFs) qualify; the note also seeks statutory clarity that the additional interest deduction operates alongside other interest deductions and warns that the narrow sanction period and valuation cap will exclude genuine purchasers. Articles Income Tax Fri, 26 Jul 2019 08:16:38 +0530 https://www.taxtmi.com/article/detailed?id=8637