Key amendments proposed in Union Budget 2024 in respect of real estate sector

23 Jul 2024 PDF
Subject Alerts
Categories Direct Tax
Jurisdictions India
The Hon’ble Finance Minister, presented the Union Budget 2024 on 23 July 2024 in the Lok Sabha.
  • The key highlights in respect of real estate sector are:
  • Revised Capital Gains tax framework for units of REITs
  • Rationalization of Capital Gains on transfer of immovable property
  • TDS on payment of rent by certain individuals/ HUF
  • TDS on transfer of immovable property
  • Rental income from letting out of residential house property to be taxed under ‘Income from House Property’

Show resources

  • Download: Union Budget 2024 - Real estate Sector Highlights