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EV loan to excise duty on fuel: Here're good and bad moves in Budget 2019

Good move to make National Pension Scheme more attractive

Finance Minister Nirmala Sitharaman Photo- Sanjay K.Sharma
Finance Minister Nirmala Sitharaman | Photo: Sanjay K.Sharma

THE GOOD Move: Additional deduction of Rs 1.5 lakh on interest paid on housing loan for first-home buyers with the stamp duty value up to  Rs 45 lakh. Total interest benefit: Rs 3.5 lakh – Rs 2 lakh under Section 24 and 1.5 lakh under Section EEA Impact: This will encourage the purchase of flats in the affordable housing segment, especially in Tier-2 and Tier 3 cities. Given the high prices in metros, the impact may not be too much Move: Section 80C deduction on Central Public Sector Enterprises (CPSE) exchange-traded funds (ETFs) under equity-linked savings ...