To counteract this, industry experts have suggested raising the tax deduction limit on home loan interest from 2 lakh rupees to 5 lakh rupees and extending the benefit under Section 80 EEA for an additional two years.Taxpayers hope for simplification of taxation and alignment of multiple tenures for different asset classes or the implementation of a unified tax rate for both long and short-term assets.
GST changes in budget 2023
