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ITC on Mediclaim policy
Can I claim for ITC on Mediclaim policy for employees?
Replies (3)
Quick Summary
If it is mandatory to get medical of all employees under any law being time force then you can else you can not
MHA has issued Order No. 40-3/2020-DM-I (A) dated 15th April 2020. In Clause No. 5 of Annexure-II of the order MHA has made medical insurance mandatory for workers.
@ Mr Subodh KS.,
Yes... You (company) can claim ITC for insurance taken for employees.
Note : The amount of insurance paid must be in the company's books into PandL account.
Yes... You (company) can claim ITC for insurance taken for employees.
Note : The amount of insurance paid must be in the company's books into PandL account.
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