Medical inurance exemption 80-d
This query is : Resolved
26 February 2014
Hi, I have a query regaring Medical Ins exemption..Medical Ins premium paid by Individual is exempted if paid for dependent or Indepent parents..But if it paid by Parents for thier Indendent children then it will be exempted in d hands of Parents?? If not, then Independent children can claim that amount paid by Parents?? And what would be the scenario if premium paid by father in law for his independent daughter in law
Regards
Regards
04 March 2014
Premium paid for CHILDREN is NOT eligible for deduction u/s 80D.
Such premium can be claimed as deduction by the children.
Such premium can be claimed as deduction by the children.
05 March 2014
Even if premium is paid by parents from their taxable income??
05 March 2014
Section 80D provides deduction of premium only if it is paid for self, spouse or parents.
Even if the premium is paid by the parents, the deduction can be claimed by the children.
Even if the premium is paid by the parents, the deduction can be claimed by the children.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Relief u/s Section 89
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
