All eyes on Budget of Hope, says Mahesh Krishnamoorthy, Managing Director at Core Integra
Budget 2023 is the "Budget of Hope" because it comes after three years of pandemic impact on corporations and individuals and it is also the final full budget before national elections.
From a corporate standpoint, I look forward to steps toward simplifying labour law, digitalization of labour compliances, and enhancing transparency in licensing and registration processes.
Individuals would appreciate it if the budget significantly increases sec. 80C limits, eliminate surcharges and cess, increase the tax benefit on housing loan interest u/s 24, and move housing loan principal, stamp duty, and registration cost from sec. 80C to an independent benefit section.