Menu
ITC for Group Medical Insurance
Dear all, Group Medical Insurance is mandatory for our company, as per rule, we can avail ITC, whether it is advisable or not?
Replies (6)
If taking such insurance is under compulsion of any Law then you can claim ITC otherwise not.
If it is obligatory for the employer, then ITC can be availed.
Dont take itc
If we availed ITC means what is the effect while receiving claims
If you have availed itc and such insurance was not mandatory under law then you will have to reverse such claimed itc.
If it is mandatory under any law then no need to reverse.
In term of section 17(5)(b) ITC available on Insurance where it is obligatory for employer to provide the same to it's employees under any Law .
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
