Union Budget 2015-16 Expectations Economy - Business Today

For one, there is a need to allow homebuyers to get complete tax deduction for the amount they are spending on their EMI, if it is their single home.

 
 
Start-ups need certain tax exemptions in the initial couple of years along the lines of the Singapore tax exemption scheme.
The HDFC Chairman also hopes the first full Budget of the Narendra Modi government will focus on reforms without much populism.
Besides, it sought infrastructure status for housing.
KPMG CEO Richard Rekhy says foreign investors are looking for some bold measures from the Modi government in Budget 2015.
The Association of National Exchanges Members of India has also pitched for making Aadhaar card a identity proof document for investors to trade in stock exchanges.
 
 
The GAAR, if it comes into force, has the potential to bring in significant uncertainty in the tax treatment of non-resident investors.
Most handset makers, including Indian players, get their devices manufactured in China.
The agency also said deviation from the fiscal consolidation path that results in continuation of large general government budget deficits could be negative.
CII said that the Budget should focus on stability and certainty in taxation towards encouraging the growth of investment trusts.