Lower Duties for Women Property Buyers in India

Jul 23, 2024 13:09

India's Finance Minister proposes lowering stamp duties for women buying properties, encouraging affordable homeownership and urban development.

New Delhi, Jul 23 (PTI) The government will look at further lowering duties for properties purchased by women and making it an essential component of urban development schemes, Finance Minister Nirmala Sitharaman said on Tuesday.

In her Union Budget speech, Finance Minister Nirmala Sitharaman also proposed to discontinue the quoting of Aadhaar Enrolment ID in place of Aadhaar number with respect to taxation purposes.

"We will encourage states which continue to charge high stamp duty to moderate the rates for all and also consider further lowering duties for properties purchased by women. This reform will be made an essential component of urban development schemes, encourages states with high stamp duty to moderate rates for all, lower duties further for properties purchased by women," she said in the Budget speech.

Source: PTI

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Lower Duties for Women Property Buyers in India

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