Day: February 5, 2025

Tax relief on up to two self-occupied properties made easy – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/portfolio/tax-relief-on-up-to-two-self-occupied-properties-made-easy/article69169930.ece?cx_testId=27&cx_testVariant=cx_1&cx_artPos=0&cx_experienceId=EXEPURFQAOW6&cx_experienceActionId=showRecommendationsZUOCO4TKU9Q311#cxrecs_s The proposal, if passed, is set to come into effect from FY25 There are two types of house property under the Income Tax

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*****BS editorial–Government will aim to attain a Debt to GDP ratio of 50%–with a band of 1% on either side by March 2031–[2] FRBM Review Panel —the target for general government debt was set at 60% of GDP. State Government debt is about 28% of GDP. Assuming some consolidation in the coming years-general government debt at the end of 2030-31 would still be 70-75% of GDP which will be on higher side and will remain a source of vulnerability in the given uncertain economic environment. [3] Interest payment burden will be worth over 3.5% of GDP

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BoB Chief Economist Mr Madan Sabnavis –Rising cash balances is a ” reflection of companies not putting them to use for investment purposes “[2] Further opines –” Companies are making profits but not deploying them in projects ”  [3] Prashant Tarwadi–Director India Ratings says on the future –[a] capex is unlikely to pick up too much pace due a ” lack of visibility ” in corporate earnings amid global tariff re-aligments and domestic demand slowdown ” –Courtesy BL

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