Latest Answer: The big disappointment was for real estate-focused private equity funds. Realty funds are covered under the alternative investment fund (AIF) II category which the finance minister did not touch upon. The industry was hoping that the tax benefit available to AIF I category (venture funds and infra funds) would be extended to other AIFs.
Latest Answer: Few other things in Budget 2013 are surcharge charges and excise duty. The surcharge charges for companies earning profit beyond Rs 10 crore has been increased from 5 percent to 10 percent, which is discouraging. On the other hand, increase in excise duty on marble from 3o percent to 60 percent will also affect the cost of housing.
