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claim received in against medical policy

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(Querist)
04 March 2010 what is the tax treatment of mediclaim received in the hands of receiver
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
04 March 2010 Claim received against Mediclaim is not an income in the hands of receiver. It is just a reimbursement of the expenses.Hence, not taxable.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 March 2010 Agreed not taxable



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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
07 March 2010 not taxable

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