Taxability of Mediclaim Policy
This query is : Resolved
10 November 2010
My question is:
Whether the reimbursement received by a mediclaim policy holder for the medical expenses incurred by is exempt from tax? if so which section provides for such exemption?
Whether the reimbursement received by a mediclaim policy holder for the medical expenses incurred by is exempt from tax? if so which section provides for such exemption?
k c joseph varghese
(Expert)
11 November 2010
no, it is not taxable
CA Sanat Pyne
(Expert)
11 November 2010
This is nothing but the reimbursement of expenditure.
AS those expenses is not allowable so reimbursement of that expenditure wil also not be taxable.
AS those expenses is not allowable so reimbursement of that expenditure wil also not be taxable.
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