Real estate body urges govt to reduce short-term capital gains tax in Budget

Federation of All India Real Estate Association (FAIRA) has urged government to bring down short-term capital gains tax from 30% to 20% in upcoming Budget. It sought an increase in home loan interest deduction from ₹2 lakh to ₹5 lakh for tax rebate. "If...Budget can offer SOPs to make investment in housing more attractive...real estate sector will boom," it added.