Union Budget 2017 has made investing in second house tax inefficient
While finance minister Arun Jaitley duly recognised the contribution of the salaried class to tax revenues in his Budget speech, he did not do much to meet their expectations. Instead, he has closed the only door of tax planning available to them. The salaried class pays taxes on gross salary without any allowance in the form of standard deduction for expenses connected with salary income
Neha Malhotra, Executive Director contributed an article on Union Budget 2017 has made investing in second house tax inefficient for Financial Express.
Attached is link to the article