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Below the pre-budget expectations from  Mr. Aryaman Vir, CEO of WiseX.

“As the interim budget nears, we at WiseX are closely watching for the expected rise in the 80C tax deduction limit to ?2.5 lakh, which could greatly benefit taxpayers. Our focus on alternative investment and real estate has us keenly aware of the need for reform in long-term capital gains taxation. With the current 20% tax rate after indexation on real estate for holdings beyond 24 months, we're advocating for more favorable policies to encourage investment in this crucial sector.

We're also optimistic about the proposed enhancements in financing, which are vital for real estate sector growth. The government's initiative to create AI centers of excellence signifies a dedication to technological advancement, with effects that will extend throughout the economy and invigorate the real estate market. Supporting incubators and accelerators for startups is not merely about fostering innovation; it's about preserving consumer confidence in the rapidly expanding domains of AI and ML, which is paramount for a trust-based relationship with technology.”

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