The government has raised the limit of deduction for health insurance premium or medical expenditure from Rs 30,000 to Rs 50,000 under Section 80D. All senior citizens will now be able to claim the Rs 50,000 per annum in respect of any health insurance premium or any general medical expenditure incurred.
kindly clarify the point " any general medical expenditure incurred". Is it possible to claim the benefit by submitting medical bills for purchasing any medicines or any conditions is applicable.
20 April 2018
The wordings "any general medical expenditure incurred" is in FM's budget speech but missing in the act.Therefore, the query raised may not be entertained by the IT department..
CAclubindia
