Sector Expectations For Union Budget: The central government is making full preparations to present its upcoming general budget 2026-27 on 1 February. Experts from various sectors have given their important opinions regarding the expectations of the sector from the Union Budget. The demand for tax relief for the middle class and improvements in real estate has intensified this time. This budget can prove to be a big step towards the country’s GDP and women empowerment.
demand for real estate
According to Eastern Bihar Industries Association, the real estate sector provides the highest employment after agriculture. Experts want the limit of affordable housing to be increased from Rs 45 lakh to Rs 75 lakh. Providing GST input tax credit will reduce construction costs, making houses affordable for the middle class.
Relief to senior citizens
CA Pradeep Jhunjhunwala has advocated increasing the TDS limit and tax-free income for senior citizens. There is a demand in the budget to increase the tax exemption limit for the real estate sector to Rs 1 crore. To ensure that the benefits of the budget reach the general public, there is a need to provide special income tax benefits to senior citizens.
stock market and investors
There has been a lot of volatility in the market for the last two years due to Trump’s tariff policies and global tensions. Experts want the 12.5 percent long-term capital gains tax to be reduced or eliminated. There is a suggestion to increase the exemption limit in long term capital gains from Rs 1 lakh to Rs 5 lakh.
Women empowerment and industry
Women entrepreneurs believe that there is a great need to increase awareness about government schemes in rural areas. The amount of assistance given under maternity protection and nutrition schemes should be increased according to inflation. Along with funding, there should be special marketing support and separate market arrangements for women entrepreneurs.
development of other areas
In the budget, a demand has been made to give priority to weavers, textile, tourism and agro-based industries of Bhagalpur. The development of these industries will not only increase local employment but will also contribute to the country’s GDP. The biggest need of the hour is to bring simplification and stability in the tax structure to increase investor confidence.
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