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Father is NRI. medical insurance premium Deducion

puneet khurana (finance) (75 Points)

07 June 2011

If father is senior citizen NRI. whether payment made towards his medical insurance premium is allowed 15000 or 20000!!!!!!!!!!!!!!. Please suggest as the Section 80D no where give any clue.

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11 Replies

praveen (Chartered Accountant) (6971 Points)
Replied 07 June 2011

15,000 it seems..... because in 80D it is specified that a parent of a individual has to be a resident senior citizen for claiming 20000 deduction

M. N. JHA (CA) (8316 Points)
Replied 07 June 2011

Originally posted by : praveen
	15,000 it seems..... because in 80D it is specified that a parent of a individual has to be a resident senior citizen for claiming 20000 deduction

praveen u cofused me. . . Are u sure??? Because i think deduction should be allowed for rs. 20000 Whether resident or Non-resident. . . . . . . . . . . . Pls rectify me if i m wrong. . . . . .

CA ADITYA SHARMA (CA IN PRACTICE ) (16719 Points)
Replied 07 June 2011

15000

1 Like

Ramya Kinthali (Financial Consultant) (108 Points)
Replied 07 June 2011

@ future ca

can u please give supporting to u r answer as 15000 ,

i did not understand how it is 15000 ,

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 07 June 2011

80D is available only if insurance is taken with

Insurer covered:This deduction is available for medical claim policy which should be framed in this behalf by

by GIC(General insurance Corporation) or by
any other insurer but approved by IRDA(Insurance Regulatory Development authority)

for more details

https://www.simpletaxindia.org/2009/01/deduction-us-80d-mediclaim-policy.html

Shivish Verma (C A) (376 Points)
Replied 08 June 2011

Kindly refer to Explanation to Section 80D (4) and sub section 4 itself

For the purpose of this sub section "Senior Citizen" means an individual resident in India who is of the age of 65 years or more at any time during the P.Y.

It seems that when it comes to senior citizen (whether himself or parents), he should be a resident to calim deduction of Rs. 20000.

1 Like

Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 08 June 2011

15000 oterwise 20000.

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 08 June 2011

Originally posted by : Shivish Verma
	Kindly refer to Explanation to Section 80D (4) and sub section 4 itself For the purpose of this sub section "Senior Citizen" means an individual resident in India who is of the age of 65 years or more at any time during the P.Y. It seems that when it comes to senior citizen (whether himself or parents), he should be a resident to calim deduction of Rs. 20000.

AGREED.

Rup Kumar (finance manager) (288 Points)
Replied 08 June 2011

Originally posted by : Shivish Verma
	Kindly refer to Explanation to Section 80D (4) and sub section 4 itself For the purpose of this sub section "Senior Citizen" means an individual resident in India who is of the age of 65 years or more at any time during the P.Y. It seems that when it comes to senior citizen (whether himself or parents), he should be a resident to calim deduction of Rs. 20000.