One of the key demands of the real estate sector is a separate section for the tax deduction on housing loan principal repayment, which is currently under Section 80C.
India has done a commendable job as compared to other member countries with the highest GDP growth and lowest inflation. However, fear of an impending recession is still lurking.
Hospitality in India has borne the brunt of a disarrayed economy induced by the pandemic. Extensive financial aid is pivotal to get it back on its feet.
As the economy rolls with the ebb and flow of the pandemic, sustained efforts are needed to keep the growth momentum going.
Highway ministry, railway ministry, housing, and health may get larger share in the capital expenditure allocation this Budget.
Founders expect policy action on issues concerning GST, debt financing norms, and tax reliefs.
Clarity about tax provisions, quicker disposal of litigation, and a clear and consistent tax law will further boost M&A activity in India.
Corporate India seeks tax exemptions, a road map for ‘one GST rate’ and more from the Interim Budget.
