Why Buying a Home Should be a Part of your 2019 Financial Goals?
You are five months into the New Year and two months into the new financial year. The budget announcement got made in February 2019, and it is the right time to set your financial goals for the year 2019. If you are exploring the different investment options, then consider buying a house too. It is a good year to leap in this direction, thanks to a welcoming interim budget. It is perfect for first and even second time home buyers . There are plenty of initiatives taken that will help you in making your dream home in 2019. Some of the proposals that will help you take the plunge include, Extension of TDS Exemption: The TDS threshold for tax deduction on rent is proposed to increase to Rs.240,000 from the existing Rs. 180,000. As per Section 1941 of the Income Tax Act, the lessee should deduct tax at source if the annual rent exceeds Rs. 180,000. However, this interim union budget gives an extension, which will benefit homeowners. So, those who are pl...