Financial transactions such as hotel bills, life, health insurance proposed to come under tax lens

In a tweet by mygov.in, which was subsequently removed, the govt has proposed to expand the list of reportable transactions to include domestic business class air travel or foreign travel, payment of property tax above Rs 20,000 per year, life insurance premium above Rs 50,000 and health insurance premium above Rs 20,000.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2CpOISU