deduction amendment needed I.T.

DON'T U ALL THINK THERE SHOULD BE AMENDMENT MADE IN CHAPTER VI (deductions from GTI) FOR THE PREMIUM PAID TO INSURANCE COMPANIES ON PREMIUMS PAID FOR HOUSE AND VEHICLE INSURANCE EVERY YEAR BY INDIVIDUALS
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Hi Arnab,

Pls don't take it in other sense - 

You may be right in saying this but I feel there should not be any income tax at all..........:) 

Wot's say??

Don't u think we should always wish for more? Wot's the harm in wishing, at least we don't have to pay taxes for that.... :)

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