See sops for auto, export ind in Interim Budget: India Inc
On Monday is the big event- the vote-on-account. But actually it is not meant to be a big event. It is meant to be a simple statement of account. But there have been precedents where the vote-on-account has been used to make various policy announcements as well as changes to the tax structure.
On expectations from the Interim Budget, Adi Godrej, CMD, Godrej Group said the government plans to create some fiscal stimuli in areas that have been seriously affected in terms of growth. He expects to see some changes in the tax policy both for corporate tax when affordable housing is built by companies and also for exemption from income tax for interest payments or mortgages on housing finance.
Godrej feels there will be some policy changes for the export sector because the export sector has been badly hurt. So, there will be selective fiscal changes, tax changes for sectors that are badly hurt and which policy change made after two or three months after a new government is in place would be far too late.