Will Technologies Like Ai and Smartphone If you are expected after the budget know details

Ai and smartphone technology: Technology is rapidly expanding in today’s world, and Artificial Intelligence (AI) has become a major part of it. In India too, there is continuous development in emerging sectors like data centers, semiconductors, cloud computing and green technology. At the same time, the budget is going to be presented in the country, in such a situation, the government can plan to tax these sectors or bring new tax rules for them in the upcoming budget.

Impact of tax on new technology

According to media reports, Finance Minister Nirmala Sitharaman can bring a proposal of new tax regime for sectors like data centers, biochemistry, cloud computing, green technology and semiconductors in the upcoming budget 2025. Not only this, it is believed that under this new tax system, the government can increase the turnover limit from 2 crores to 5 crore rupees. For this, the government can make changes in sections 44AD and 44ADA of the Income Tax Act. In the pregorast tax system, only a certain percentage of the total earnings of the companies is considered taxable income, which reduces the tax burden and promotes startups.

Will Smartphone and AI be expensive?

Although the government is planning to tax AI, data centers and semiconductors, it is less likely to have a direct impact on the common people. The main objective of the government is to develop these sectors, so many types of tax concessions are also being given. Despite the tax on the semiconductor industry, it will not have much impact on the prices of smartphones and laptops. The government is planning to provide relief to companies under the pre -poppy tax system to promote this sector. This means that new technology will not be expensive in India, but it can expand and faster.

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