Regarding e filing of return

This query is : Resolved

himani gupta (Querist)
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08 July 2013 hello sir/madam
i have a doubt regarding mediclaim ... if any employee of PSU unit has spend money on medical treatment.. and later on same received by him later on through cheque... whether it should be include in income first and then deduction under sec 80D ..or their is any other procedure.... plz frnds do rply ..

with regards
himani gupta

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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09 July 2013 80 D is related to any person ,one need not to be a salaried person.its available on medical insurance premium..

in your case he received amt as a reimbursement.. first it would be added then deduction can be claimed us 80 D as per limits specified.

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himani gupta

himani gupta (Querist)
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09 July 2013 hello sir,
but if the person has spend first on medical treatment ..and received after wards then with showing in income only taking deduction...will there be any penalty for this because by mistake i filled a return of PSU employees return. plz do rply

with regards
himani gupta

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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10 July 2013 no panelty.. you can revise his return u/s 139(5)in specified time, if earlier it has been filled in time..do refer sec 139 (5)

himani gupta

himani gupta (Querist)
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10 July 2013 but sir if any person has already spent money from his salary for mediclaim ..then while receiving the amt of mediclaim why it should be added... because first we are spending money and then getting... plz do rply

with regards
himani gupta

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 July 2013 If u have taken any deduction earlier and later u get money then its taxable thats y it should be added back.

CA Lokesh Pokharna

CA Lokesh Pokharna (Expert)
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10 July 2013 Value of any benefit/amenity granted free or at concessional
rate to specified employees is treated as perquisite as per sec. 17 (2) of the income tax act...
therefore it will be taxable because this benefit provided by employer by way of reimbursement of the said mediclaim premium .......

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