What Insurance Sector Wants from Budget 2012
Wednesday, 14 March 2012, 01:24 IST
By SiliconIndia
By SiliconIndia
Service Tax Exemption on Term and Health Insurance Products
Health insurance and term insurance products should be exempted from service tax. In practical absence of a government-backed social security and rising health care costs, there is a requirement to offer incentive to construct a safety net. Exemption of service tax on term products for life and health insurance premiums up to Rs.10,000 can help attain the same
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