Doubt about deduction u/s 80d

Tax planning 624 views 2 replies

Dear all

I want to know that service tax paid on Mediclaim preimum. Have I claim total preimum or only preimum paid as fellow-

Premium          Rs.  5178

Service Tax       Rs.    533

Stamp Duty      Rs.         1

Total                          5711

 

Replies (2)

Total premium  paid Rs.5,711/- would be consider for section 80D deduction.

OM SAI SRI SAI JAI JAI SAI

... According To Section 80D An Individual/HUF Can Claim Exemption Only If :-

(1) Amount Should Be Paid In Any Mode Other Than Cash.

 

(2) It Should Be Incurred Out Of Income Chargeable To Tax.

 

(3) Amount Should Be Within Specified Limits I.e 15000 For Non Senior Resident.

                      .... If Given Case Fulfils all The 3 Conditions , It Must Be Exempted U/s 80D. Payment Of Service Tax And Stamp Duty Is Covered Under Condition 2 ,Incurred Out Of Income Chargeable To Tax.


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