Amount received from mediclaim insurance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2013
If a person has claimed deduction of mediclaim u/s sec 80D in P.Y., and in next year he met with an accident and received claimed more than the expenditure incurred, whether the excess amount is taxable or not ? , If yes then under which head ?
26 November 2013
No Taxable. Mediclaim is the Reimbursement of Expense & Reimbursement of Exps. not taxable under Income Tax Act
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 November 2013
Thank you Sir/Madam
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