Union Budget 2025 Expectations LIVE: Will Budget 2025 raise tax deductions for homebuyers?

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Union Budget 2025 Expectations LIVE: Will Budget 2025 raise tax deductions for homebuyers? - Business Standard

Quick Summary:

Since the Narendra Modi government came to power in 2014, it has implemented notable reforms in the budgetary process.

This growth, particularly in the direct-to-consumer (D2C) segment, presents immense opportunities for brands like ours to reach more customers and enhance accessibility to quality beauty products.

We urge the government to consider raising the tax deduction ceiling on home loan interest under Section 24(b) of the Income Tax Act from Rs 2 lakh to 5 lakh, which would significantly benefit first-time homebuyers.