I have received ₹6Lac as claim reimbursement from Health Insurance company for treatment of my father. I am the policy holder and I pay annual premium of ₹57K. While I do avail tax deductions u/s 80D for the said premium, but I concerned about how can I get the reimbursed amount exempted. I have read somewhere that it can be availed u/s 10(10D) but since I don't see that option in ITR Form-1, I am confused.
By profession, I am a self-employed teacher and my income is <5L and I transact mostly in cash. Please help me with your kind advise on my abovementioned concern.
CAclubindia
