INDEMNITY INSURANCE
This query is : Resolved
atul jaiswal
(Querist)
16 July 2011
sir,
what is indemnity insurance, and what is tax treatment of it. is it related to sec 80D.
what is indemnity insurance, and what is tax treatment of it. is it related to sec 80D.
CA PARAS BAFNA
(Expert)
16 July 2011
Indemnity insurance compensates the beneficiaries of the policies for their actual economic losses, up to the limiting amount of the insurance policy.
It is not Medi-claim of Section 80D.
It is not Medi-claim of Section 80D.
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