Sun Jan 26 22:10:00 IST 2025: ## Budget 2025: Experts Call for Tax Reliefs, Infrastructure Investments, and Regulatory Reforms

**New Delhi, [Date]** – As Union Budget 2025 approaches, experts across various sectors are calling for significant policy changes to boost economic growth and improve the lives of Indian citizens. Key demands include tax reforms, infrastructure investments, and regulatory improvements.

**Taxation:** Several experts advocate for a reduction in the Goods and Services Tax (GST) on health insurance premiums to make healthcare more affordable. Others urge an increase in the income tax deduction limit under Section 80D for health insurance and Section 24(b) for home loan interest, and a revision of the long-term capital gains tax on real estate. Simplification of the Goods and Services Tax (GST) system, including streamlining rates and addressing cross-jurisdictional issues, is also a major focus, along with improvements to the faceless tax assessment system. Calls also include rationalizing income tax slabs under the new regime, potentially increasing the exemption limit and introducing new slabs to alleviate the financial burden on certain income groups. Finally, a reduction in stamp duty rates, especially in Tier-II and Tier-III cities, is seen as crucial for stimulating the housing market.

**Infrastructure and Investment:** Significant investment in infrastructure, particularly in the electric vehicle (EV) sector and rural internet connectivity, is highly anticipated. This includes tax credits for green technology, subsidies for EV service centers, and incentives for upskilling technicians. The budget is also expected to include provisions supporting the growth of professional staffing firms to address skill gaps and create jobs.

**Regulatory Reforms:** Experts emphasize the need for a more efficient and taxpayer-friendly faceless tax assessment system, including the establishment of specialized teams and a time-bound appeal process. Furthermore, reforms in the Customs process, including an amnesty scheme to address pending disputes, and rationalizing tariffs to boost domestic manufacturing are sought. Clarification on the Manufacture and Other Operations in Warehouse Regulations (MOOWR) and extension of the Remission of Duties and Taxes on Export Products (RoDTEP) incentives are also key demands.

**Sector-Specific Concerns:** The real estate sector is identified as a key growth driver and needs tax rationalization, particularly reductions in state-level taxes on property purchases. The fintech lending space requires policies supporting digital infrastructure, easier access to credit, and encouragement of sustainable practices. The education sector anticipates a reduction in GST on education services and increased investment in rural internet infrastructure.

The upcoming budget is expected to address these varied concerns, aiming to create a more inclusive, efficient, and competitive economy. The government’s response will be closely watched by businesses and citizens alike.

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