Taxability on amount recived under critical illness cover
This query is : Resolved
27 November 2008
Would the sum received under critical illness policy (health policy) be taxable in the hands of the assessee?
CA.ViVeK M ACA
(Expert)
27 November 2008
If thededctuin is allowed under chapter VIA, then it would be taxable other wise not taxable.
Vivek Banginwar
(Expert)
27 November 2008
exemption u/s. 80 DDB is allowed a deduction of Rs. 50000/-
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