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Budget 2025: From AI to Smartphones, will new technology become expensive after the budget? know here...

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Technology is now dominating the world. Artificial Intelligence is gradually gaining its dominance. Many new emerging technology sectors are developing in India. In such a situation, the government can increase the scope of tax in the upcoming budget for these technologies and bring its estimated tax scope. But will this make new technologies like AI, data centers, or semiconductors expensive in the country?

The government can bring a presumptive tax regime for new emerging technological sectors like data centers, cloud computing, biochemistry, green technology, artificial intelligence, and semiconductors. According to ET news, Finance Minister Nirmala Sitharaman can present a roadmap for taxing these new tech in the budget.

These sections of income tax will be changed.

A senior official says that to impose presumptive taxation on these sectors, the government can increase the turnover limit from Rs 2 crore to Rs 5 crore. This will provide relief to the companies engaged in the development of these technologies. The government aims to promote research and innovation in these emerging sectors. For this entire process, it can make changes in Section 44AD and 44ADA of the Income Tax Act. This will boost entrepreneurship in these sectors.

In the presumptive tax system, the government considers only a fixed percentage of a company's turnover as taxable income and then levies income tax on it. This makes the remaining amount of turnover tax free. This system is always considered better for growth in new segments. In this, while the government gets a fixed tax, the entrepreneur's tax burden is reduced.

Will AI, and smartphones become expensive?

The government is definitely going to bring sectors like AI, data centers and semiconductors under the tax net, but its impact will be difficult for the common man. The reason for this is that the government wants the development of these sectors in the country. Therefore, the government has given many tax reliefs to these segments, while the government can also bring the benefit of presumptive tax to give a boost to these sectors.

In such a situation, even if the semiconductor sector is going to be taxed, it will have almost no effect on smartphones or laptops in the country.

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