Some tax reliefs are proposed to be announced by Finance Minister Pranab Mukherjee on Thursday, amid demands from various Opposition parties to review service tax proposal for the housing sector in the budget.
The Finance Bill 2010-11, which deals with direct and indirect tax proposals, is scheduled to come up for passage on Thursday.
Mukherjee said he had received various representations from industry and other stake holders for modification of tax proposals.
"While some seek modifications to the existing proposals, others have urged for fresh reliefs," he said.
Many members during the debate on the Bill had urged the government to withdraw the proposal to levy service tax on residential complexes having more than dozen units.
They argued that such a tax would increase the cost of residential properties and make them beyond the reach of common man. The other important tax proposals which can be reviewed include increase in Minimum Alternate Tax, the portion of book profit that companies mandatorily pay as tax, from 15 per cent to 18 per cent.
The government, however, is not expected to oblige the Opposition which has been demanding roll back of levies imposed on petrol and diesel in the Budget unveiled in the House on February 26.