(Source: The Statesman/ANN) - In a bid to boost housing sector credit, the Indian government is contemplating to enhance the income-tax exemption for up to Rs 3 lakh(US$6,071) paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh.
The government is considering to raise the tax deduction limit for housing loan in the coming Budget, sources said.
The Budget is scheduled to be tabled on March 16.