Union Budget 2014-15 Reactions: Vineet Agarwal, Director, KPMG in India
There is an increase in interest exemption of Rs 50,000 for loan availed on selfoccupied house property. This will give a savings of Rs 5,150 to individuals annually and Rs 5,665 for superrich. The finance minister also mentioned about providing thrust to low cost housing sector which should be win-win situation for individuals availing loan to buy property for themselves.
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