Leave your message in our message board. Sops to the housing and infrastructure sector. Interest amount on housing loan eligible for tax rebate increased from Rs 1 lac to Rs 1.5 lac . House repair amount eligible for deduction from house income increased from 25 to 30 per cent . 10 year tax holiday to be availed within the first 20 years for core infrastructure projects such as toll roads , bridges , rail system , high way project , water supply project , sanitation , sewerage and solid waste management system .
Gujarat government can raise funds by floating tax free earthquake relief bonds .
The interest rate has also reduced to 10.5 per cent . Hike in railway freight on cement by 3 per cent , on coal by 2 per cent and on Furnace Oil by 1 per cent . All surcharge on corporate tax removed except for the 2 per cent surcharge imposed for the Gujarat earthquake relief activities . Dividend tax reduced from 20 per cent to 10 per cent . Import duty on cement and clinker reduced from 35 per cent to 25 per cent Removal of 10 per cent surcharge on custom duties of products and raw materials .