Deduction of medical bills!
This query is : Resolved
23 March 2016
Hi Experts
I have a query on medical bills. I have a bill of Rs 18000/- on which I have paid Rs 12000/- rest amount has given me a discount. In my return i got the deduction of Rs 18000/- or Rs 12000/-.
Waiting of your reply.
I have a query on medical bills. I have a bill of Rs 18000/- on which I have paid Rs 12000/- rest amount has given me a discount. In my return i got the deduction of Rs 18000/- or Rs 12000/-.
Waiting of your reply.
PRADEEP KUMAR VATS
(Expert)
23 March 2016
Rajbeer
In my opinion , You will get the benefit of Rs.12000. Because as per first proviso of section 17(v) of income tax act, any sum paid by the employer in respect of any expenditure actually incurred by the employee on his medical treatment or treatment of any member of his family [other than the treatment referred to in clauses (i) and (ii)]; so, however, that such sum does not exceed fifteen thousand rupees in the previous year.
Regards
Pradeep Kumar
In my opinion , You will get the benefit of Rs.12000. Because as per first proviso of section 17(v) of income tax act, any sum paid by the employer in respect of any expenditure actually incurred by the employee on his medical treatment or treatment of any member of his family [other than the treatment referred to in clauses (i) and (ii)]; so, however, that such sum does not exceed fifteen thousand rupees in the previous year.
Regards
Pradeep Kumar
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