Personal Medical Insurance
This query is : Resolved
BRIJ KUMAR GUPTA
(Querist)
18 December 2007
please solve my doubt
my Brother has joined recently as a salaried employee
he has taken personal accident insurance
means money will be received onkly on accident or death
means it is not like Life insurace
so
can he claim DEDUCTION for PERSONAL ACCIDENT INSURANCE
please solve soon
my Brother has joined recently as a salaried employee
he has taken personal accident insurance
means money will be received onkly on accident or death
means it is not like Life insurace
so
can he claim DEDUCTION for PERSONAL ACCIDENT INSURANCE
please solve soon
CA. Vineet Grover
(Expert)
18 December 2007
Hi Brij,
As per your information the may not be a life insurance but the nature is very similar to LIC. So you may claim deduction u/s 80C. Kindly check with the documentation. If there be any tax benefit on such payment it should have been categorically been mentioned on the face of the document.
Rgds/
Vineet
As per your information the may not be a life insurance but the nature is very similar to LIC. So you may claim deduction u/s 80C. Kindly check with the documentation. If there be any tax benefit on such payment it should have been categorically been mentioned on the face of the document.
Rgds/
Vineet
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- Capital gain on commercial property and investment in residential property
- Rent agreement of House of deceased person
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
