Wider Insurance Coverage for better Financial Inclusion

The authors suggest that we have to keep abreast of the changes in the law made by Parliament. We should also be aware of the views of the judiciary about the various sections in the Act. A favourite subject for amendments in the Annual Finance Bills introduced by the Finance Minister relates to the law on capital gains taxation. Income tax law allows benefits of indexation for cost of assets. It also provides for rerolling benefits. Judiciary has generally been sympathetic to the claims of the taxpayer for claiming exemption.