The 2014 budget carry a proposal to allow "professionals" to get together, involve a construction company/ constructor and a bank to build residential apartments for them selves. They are allowed to deduct Payee tax up to Rs. 50K per month and the interest income earned by the bank on these loans are taxed at a lower rate.
Does anyone know whether someone has started doing these projects. I would like to join and struggling to get a contact who has already started/ hoping to commence such projects.