Insurance sector Budget recommendations: Budget wishlist from insurers: Extra tax rebate and tax-free annuities

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Nitesh Kumar52 minutes ago

everyone wants or has a wishlist from FM, does anyone or any sector come up with ideas for better revenue or source, or a new way to tap the revenues. when our govt is in deficit, we must understand, how do fulfill the wishlist. it’s hightime we understand the maths of a balance sheet, then ask(do we fulfill all the wishlist at home, when we do not have money or huge loans are on our head). so give ideas or suggestion to FM, to bring new tax payers in the bracket, so that going forward, we have less of strain on the existing tax payers.
one such idea is increased tax or duty on mobile charges(monthly/quarterly/annual plans),petrol, diesel, as this is used by everyone mostly, and when used s/he compulsarily pays tax, just cannot escape. so whoever uses shall pay, so revenue is increased. once such measures are taken, and revenues fall in line, and deficit is under control, other matters and wish list can be fulfilled(let’s take example of a pvt company or our own house, how we try to get things back on track, if in a mess, same way, let’s try to get the nation’s deficit in control).

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