If father is senior citizen NRI. whether payment made towards his medical insurance premium is allowed 15000 or 20000!!!!!!!!!!!!!!. Please suggest as the Section 80D no where give any clue.
If father is senior citizen NRI. whether payment made towards his medical insurance premium is allowed 15000 or 20000!!!!!!!!!!!!!!. Please suggest as the Section 80D no where give any clue.
15,000 it seems..... because in 80D it is specified that a parent of a individual has to be a resident senior citizen for claiming 20000 deduction
| Originally posted by : praveen | ||
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15,000 it seems..... because in 80D it is specified that a parent of a individual has to be a resident senior citizen for claiming 20000 deduction |
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@ future ca
can u please give supporting to u r answer as 15000 ,
i did not understand how it is 15000 ,
80D is available only if insurance is taken with
Insurer covered:This deduction is available for medical claim policy which should be framed in this behalf by
for more details
https://www.simpletaxindia.org/2009/01/deduction-us-80d-mediclaim-policy.html
Kindly refer to Explanation to Section 80D (4) and sub section 4 itself
For the purpose of this sub section "Senior Citizen" means an individual resident in India who is of the age of 65 years or more at any time during the P.Y.
It seems that when it comes to senior citizen (whether himself or parents), he should be a resident to calim deduction of Rs. 20000.
15000 oterwise 20000.
| Originally posted by : Shivish Verma | ||
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Kindly refer to Explanation to Section 80D (4) and sub section 4 itself For the purpose of this sub section "Senior Citizen" means an individual resident in India who is of the age of 65 years or more at any time during the P.Y. It seems that when it comes to senior citizen (whether himself or parents), he should be a resident to calim deduction of Rs. 20000. |
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AGREED.
| Originally posted by : Shivish Verma | ||
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Kindly refer to Explanation to Section 80D (4) and sub section 4 itself For the purpose of this sub section "Senior Citizen" means an individual resident in India who is of the age of 65 years or more at any time during the P.Y. It seems that when it comes to senior citizen (whether himself or parents), he should be a resident to calim deduction of Rs. 20000. |
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similar view.
Additional deduction for Resident Senior Citizen u/s 80D
Therefore father is NRI then additional deduction of Rs. 5000 is not available to him
Beforehand,
NRI means he is not residing in india.
Policy should be brought in india, which has geographical locations within india.
if the payment is made to any overseas insurance , then no such benefit available under 80D
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