Budget Expectations

HOUSING & REAL ESTATE

 Reduction in GST rates from 12% to 5% for under construction properties.

 Put affordable housing in priority sector list for lending institutions.
 Raise deduction limit of interest paid on residential house property which
has been capped at Rs2 lakh under Section 24.
 Significant relaxation in income tax slab to enhance the purchasing power of
home buyers or aspirants.
 Bring down GST on cement from 28% to 18% to reduce the cost of
construction.

Infrastructure-
 Increase in funds allocation for development of Rural Infra
 Allocations towards large infrastructure projects such as Bullet trains,
Bharatamala, Sagarmala, Smart Cities, Inland Waterways development, etc.
 An increase in allocation towards PMAY for both rural& urban areas.

INFORMATION TECHNOLOGY (IT) AND TELECOMMUNICATION

1)TDS on prepaid distributor margins/discounts from telecom operators.

2)Treatment of interest expenditure incurred on acquisition of spectrum.

3) Introduction of Customs duty on copper rods used for Jelly filled Telecom
cables in order to increase domestic supply.

OIL GAS & POWER

  Exemption from Payment of Customs Duty on Import of Liquefied
Natural Gas (LNG).
 Exemption of Excise Duty for compression of natural gas into
Compressed Natural Gas (CNG)
 Reduction of percentage of Oil Cess to 10% .
 Extension of Tax Holiday to Power Companies.
 Increased allocation towards power for all schemes like the Ministry of New
& Renewable Energy (MNRE), Solar Energy Corporation of India (SECI) &
UDAY Scheme