Budget Reaction | Schwing Stetter

There are many positives in this year?s Budget. Sufficient thrust has been given for the sectors across Transport, Infra-structure development including rail road, highways, PMGS program etc. Reduction in the holding period for long term capital gain from 3 years to 2 years and advancing the base year for calculating the indexation for cost of acquisition from 1981 to 2001 are most welcome and could provide a boost to the real estate sector.