wether deduction of Rs 15000 for medicals bills & deduction u/s 80D for medical insurance both can be taken at the same year
Anil Sharma (Accountancy) (33 Points)
17 May 2009wether deduction of Rs 15000 for medicals bills & deduction u/s 80D for medical insurance both can be taken at the same year
adnan
(Article)
(241 Points)
Replied 17 May 2009
mr udyan please tell me something about carrer as stock broker
which module(BSE/NSE) should i need to do to take a job in stock broker firm
and also tell me about salalry for a fresher in stock market
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 17 May 2009
| Originally posted by :Anil Sharma | ||
| " | wether deduction of Rs 15000 for medicals bills & deduction u/s 80D for medical insurance both can be taken at the same year | " |
The two things talked about are totally different.........
The sum upto Rs.15000 is the income which is not to be included in the total income of the assessee even though it is spent by the employer on behalf of employee...........[proviso to Sec.17(2)]
whereas the deduction u/s 80D is of the expenditure effected of Rs.15000 in the previous yr........
The medical exp. of the assessee can very well be paid by the employer and at the same time, the assessee had deposited the amount u/s 80D.........
he can claim both........
CA. Rohit Grover
(ca in practice)
(54 Points)
Replied 17 May 2009
he is absolutly right that both r different issues.... 1 can claim both
CAclubindia
