https://www.taxtmi.com/article/detailed?id=2060 Proposed Budget amendments adjust personal tax deductions and exemptions: the life insurance premium ceiling for exempt receipts is increased for specified disabled or diseased persons; CGHS deduction is extended to notified health schemes within the existing aggregate limit; Rajiv Gandhi Equity Savings deductions are expanded to include listed equity oriented fund units and allowed for three consecutive assessment years from first investment subject to a gross income limit. Donations to the National Children's Fund become fully deductible; cash political contributions are disallowed as deductions; Investor Protection Fund income is exempt with shared undistributed amounts taxed when shared; transitional exemption for National Financial Holdings Company Limited is proposed; assigned keyman policies retain keyman treatment. en-us Mon, 04 Mar 2013 11:25:38 +0530 Mon, 04 Mar 2013 11:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2060 Proposed Budget amendments adjust personal tax deductions and exemptions: the life insurance premium ceiling for exempt receipts is increased for specified disabled or diseased persons; CGHS deduction is extended to notified health schemes within the existing aggregate limit; Rajiv Gandhi Equity Savings deductions are expanded to include listed equity oriented fund units and allowed for three consecutive assessment years from first investment subject to a gross income limit. Donations to the National Children's Fund become fully deductible; cash political contributions are disallowed as deductions; Investor Protection Fund income is exempt with shared undistributed amounts taxed when shared; transitional exemption for National Financial Holdings Company Limited is proposed; assigned keyman policies retain keyman treatment. Articles Income Tax Mon, 04 Mar 2013 11:25:38 +0530 https://www.taxtmi.com/article/detailed?id=2060