In a pre-budget discussions with revenue secretary P V Bhide, industry body Federation of Indian Chambers of Commerce and InÂdustry (Ficci) has sought tax incentives to individual homebuyers and real estate companies to perk up the realty sector. The delegation asked for tax incentives to facilitate recovery in the realty sector. It also asked for higher tax deduction limit on loan repayments to prompt banks and financial institutions to take higher exposure to the realty sector.
Source: The Indian Express
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