Budget Reactions: Mr. Ramratthinam S – CEO, Muthoot Homefin

Mr. Ramratthinam S – CEO, Muthoot Homefin (India) Limited

Please find the Budget 2019 quote from Mr. Ramratthinam S – CEO, Muthoot Homefin (India) Limited for your reference.

“The disposable income of EWS and LIG category borrower will increase with the exemption of tax on annual earnings upto Rs. 5 lakh and also increase in standard deduction by Rs. 10,000. The developers for new projects are also incentivise with the Income Tax exemption available till 2020 thereby keeping the prices in check. The housing demand will witness good uptick with measures like no income tax on notional rent on 2nd self occupied home and also capital gains benefit allowed on second houses in select cases.”