Exemption from Income-tax
This query is : Resolved
24 March 2009
Under the present provisions of Income-Tax, Reimbursement of expenditure incurred by an employee on medical treatment of self or dependents over and above Rs.15000 is fully taxable in the hands of employee.
However there are some hospitals to which exemption in this regard has been granted by the chief-commissioner of the income-tax & reimbursement of expenditure incurred in such hospitals is fully exempt from tax.
Is there any list of such hopitals available ??
Also whether is it necessary to obtain a certificate in this regard from the hospital concerned?
Pl. clarify.
Under the present provisions of Income-Tax, Reimbursement of expenditure incurred by an employee on medical treatment of self or dependents over and above Rs.15000 is fully taxable in the hands of employee.
However there are some hospitals to which exemption in this regard has been granted by the chief-commissioner of the income-tax & reimbursement of expenditure incurred in such hospitals is fully exempt from tax.
Is there any list of such hopitals available ??
Also whether is it necessary to obtain a certificate in this regard from the hospital concerned?
Pl. clarify.
25 March 2009
The certification is necessary.
Rule 3A of IT rules provides some condition on fulfillment of which the Commissioner of income tax may grantsuch recogination.
see rule 3A
no list has been provided
Rule 3A of IT rules provides some condition on fulfillment of which the Commissioner of income tax may grantsuch recogination.
see rule 3A
no list has been provided
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Value of property in capital gain
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
