Union Budget 2024-25 Expectations LIVE Latest Updates: Finance Minister Nirmala Sitharaman stated that the forthcoming Interim Budget is not expected to include any "spectacular announcements." However, officials suggest the likelihood of small tax relief measures and an increase in welfare spending, said a media report.Adjustments to specific income tax rates, particularly for individuals at the lower end of the taxpayer spectrum, are anticipated in the upcoming Interim Budget for 2024-25 set to be revealed on February 1. There is a possibility of an increase in the standard deduction, coupled with a raised exemption limit, aiming to encourage taxpayers to transition to the new income tax regime, the Indian Express report said.
Kerala Technology Expo in Kozhikode from February 29 to March 2 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Real estate developers seek an increase in deduction of principal repayment of home loans and the reintroduction of the Credit Linked Subsidy Scheme (CLSS) for middle-income group. They also suggest reduced stamp duty as part of their recommendations to the Finance Ministry for the upcoming Union Budget.
Budget 2024 Expectations: The real estate sector body added that there should also be a provision of a credit guarantee scheme for housing loans up to Rs 40 lakh and house improvement loans up to Rs 20 lakh.
In its pre-Budget wish list, realtors apex body CREDAI has urged the government to increase tax exemption limit on principal amount as well as interest paid on home loans to boost demand for residential properties.
Confederation of Real Estate Developers Associations of India (CREDAI) has