According to the tweet put up on Thursday, the government proposed to include life insurance premium above Rs 50,000, health insurance premium over Rs 20,000, foreign travel, education-related fees, and donations above Rs 100,000 in a year in the list of Statement of Financial Transactions (SFT). Other transactions proposed to be included are purchase of white goods, jewellery and paintings over Rs 100,000, and demat accounts and bank lockers.
Finance ministry sources said the ministry had not put up the tweet.