Dear Sir/Madam,
Good morning.
I request you to clarify,
1.Whether one can claim the benefit of Medical expenditure (of Rs.15000/annum) as exemption by submitting the medial bills at the end of the financial year, i.e. on March of every year or
2. Is it requires to submit it on equal monthly basis. and
3.If Medical Allowance/Reimbursement (i.e. Rs.1250.00) is shown in the salary break up, whether one can claim the benefit of Sl. No. 1 above.
Kindly confirm with any section of IT Act.
With Regards,
Sreedhara H.N.
Bangalore.
CAclubindia
