VALUATION of MEDICAL FACILITIES

This query is : Resolved

Venkateswara Rao Sapare (Querist)
Follow

24 June 2010 VALUATION of MEDICAL FACILITIES

Is the perquisite in the following instances not chargeable, as all the instances are taken place in the case of Mr.X, an employee, in a period of single financial year? Here, attention is required on the words underlined, once again.

1. First he got a Medical facility valued Rs.2,00,000 in a Hospital maintained by the employer in Chennai.
2. The employer reimbursed the expenditure Rs.3,50,000, incurred by the employee on medical treatment of his spouse, in a hospital maintained by the Government in Hyderabad.
3. The employer reimbursed the expenditure of Rs.15,000 spent by the employee in obtaining medical treatment for his brother ( a member of the family) from a doctor in Delhi. ( Let us remember, that this limit of Rs.15,000 is in such a case where treatment is given by any doctor.)

Now, total medical expenses reimbursement comes to Rs.5,65,000 (Rs.2,00,000 + Rs.3,50,000 + Rs.15,000 ).

Is this Rs.5,65,000/- perquisite non taxable?
Do the lines in the act not encourage to infer so?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

24 June 2010
Point No.1. It is exempted as per sec.17a medical facility in hospital maintained by the employer

Point No.2 It need to be check the treatment taken for diseaes and aliments apporved by the Cheif commissioner for exemption claim. beacause this point satisfies thee Sec.17(b)(i) only not (ii)so please check the same

Point No.3. Rs.15000 exempted as per sec.17(d)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RADHAKRISHNAN A R

ASHOK KUMAR TEKURU

giriswar

Credible HRM

atul kumar soni

Subscribe Now

VALUATION of MEDICAL FACILITIES

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA