Medical insurance of parents claims
This query is : Resolved
Vinoth kumar
(Querist)
04 August 2015
My insurance agent paid the medical insurance of my parents from their account.
Can I claim this under parents medical insurance of 80D?
Can someone please give inputs on this?
Can I claim this under parents medical insurance of 80D?
Can someone please give inputs on this?
Vinoth kumar
(Querist)
04 August 2015
The receipt has my fathers name on it. So will that not be a problem?
CA PARAS BAFNA
(Expert)
04 August 2015
You can not claim it as the same has directly been paid from the insurer's accounts.
Vinoth kumar
(Querist)
04 August 2015
It is paid from the agents account
CA PARAS BAFNA
(Expert)
05 August 2015
If you can show that against the premium paid by the agents, you have compensated them by paying an equal sum of money, you can claim the deduction.
.
The requirement for claiming the deduction is "payment by cheque". In this case also, the premium is paid by cheque, and you have compensated the agents for the same, so you can claim deduction.
.
.
The requirement for claiming the deduction is "payment by cheque". In this case also, the premium is paid by cheque, and you have compensated the agents for the same, so you can claim deduction.
.
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