New financial year begins: Owning a house will be cheaper

As the Financial Year 2018-19 is about to end on March 31, the date is critical for businesses and working class to ensure that all their financial commitments including taxes, investments, claims, capital fatalities, income and expenditure details etc are met. As per IT laws in India, April 1 is the starting date for Income Tax being levied on the total earned income during a financial year and March 31 is the last date to clear out all financial backlogs of the previous financial year. On the other hand, owning a house will become cheaper from today