Latest Answer: Yes, and my only recommendation is that the government should fast track the process of preparing the Draft National Urban Rental Policy 2015 and Draft Model Tenancy Act 2015. Increase Tax exemption for rental income from 30 % to 50 % while giving woman headed households full exemption.
Latest Answer: Hi,
I am agree with all of you. But i am a salaried person and living in a rented apartment. The house rent allowance can go up with time. However, for self employed home buyers, the tax deduction limit is restricted up to a little Rs 2000 under Section 80GG. Our govt. should certainly work on increasing this limit.
