Medical Bills

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shamkant (Querist)
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07 January 2011 For Income tax purpose medical reimbursement Rs.15000/- is allowed. for that is original copy of Bills or xerox is required for claiming deduction and secondly for this F.Y 2010-2011 is last year Bills allowed as deduction pls explain.

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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07 January 2011 First : Original bills are required

Second : Bills can be claimed in the same FY as it amounts to a valid business expenditure for the employer, who can not claim it so, if it pertains to earlier FY.

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shamkant

shamkant (Querist)
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08 January 2011 Dear CMA. Subhash Kumar Jha

I can't get your second reply whether it is valid for claiming in Current F.Y 2010-2011 medical bills pertaining to last F.Y 2009-10.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 January 2011 Bills related to FY-2009-10 cannot be claimed in FY-2010-11

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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24 February 2011 in the year 2010-11, you can claim the bills which are pertaining to only 2010-11

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