Pramerica MF eyes tax concessions for SIPs this budget

First and foremost a common man aspires a roof on his head, but thanks to soaring prices and recent change in lending norms it is becoming increasingly difficult for a common man to afford a house.

February 17, 2011 / 13:52 IST

By Vijai Mantri, MD & CEO, Pramerica Mutual Fund

> First & foremost a common man aspires a roof on his head, but thanks to soaring prices and recent change in lending norms it is becoming increasingly difficult for a common man to afford a house. In the interest of common man we believe Government should look at rationalizing tax sops on Housing.

For instance:

1) Tax Sops should be applicable only to the 1st time home buyer and only up to a certain limit.
2) Tax Sops should given only till certain limit; let

first published: Feb 16, 2011 02:28 pm

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