80D deduction - through credit card payment
This query is : Resolved
25 January 2008
Medical insurance paid through credit card.
This was allowable u/s80D ( I think cash paid to medical insurance not allowable for exempttion)
pl.sir
This was allowable u/s80D ( I think cash paid to medical insurance not allowable for exempttion)
pl.sir
S.Srinivasaraghavan
(Expert)
25 January 2008
Effective from 1-4-2008, premium paid in any mode, other than cash, is eligible for deduction u/s 80D, subject to compliance of that section.
25 January 2008
WEF 2008-2009 ASSESSMENT YEAR, INSURANCE PREMIUM UNDER SEC 80 D BY AN INDIVIDUAL OR HUF CAN BE PAID BY ANY MODE OTHER THAN CASH TO BE AN ALLOWABLE DEDUCTION.
R.V.RAO
R.V.RAO
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