SEC 80 D corporate insurance

422 views
User Avatar

Article
141 Points Posted on 31 December 2022
Can we claim deduction for corporate medical insurance under section 80D?
0 Reply Share Follow
On 31 December 2022 at 11:07 Report
Replies (9)
Quick Summary
This discussion clarifies whether corporate medical insurance premiums are deductible under Section 80D of the Income Tax Act. It's confirmed that Section 80D provisions primarily apply to individuals, not directly to corporate entities for their employees' medical insurance. The thread also touches upon related queries regarding loan interest calculation and turnover reporting for presumptive taxation schemes like Section 44AD.

User Avatar

GST Practitioner & Accounts
15146 Points Posted on 31 December 2022
Provisions 80 D of the income tax Act, is applicable only to Individual .
1 Reply
On 31 December 2022 at 11:22
User Avatar

58 Points Posted on 31 December 2022
If i dont understand how to calculate loan interest because client dont have proper data what to do ?
Reply
On 31 December 2022 at 12:26
User Avatar

GST Practitioner & Accounts
15146 Points Posted on 31 December 2022
From, where you have taken loan ?. what are the instructions for repayment of loan and interest?. what is your clients status, Company, partnership firm, sole proprietorship. etc .
Reply
On 31 December 2022 at 12:45
User Avatar

58 Points Posted on 31 December 2022
Partnership
Reply
On 31 December 2022 at 12:58
User Avatar

GST Practitioner & Accounts
15146 Points Posted on 31 December 2022
From where you taken loan?.
Reply
On 31 December 2022 at 13:03
User Avatar

58 Points Posted on 31 December 2022
Loan was repayment
Reply
On 31 December 2022 at 13:08
User Avatar

12 Points Posted on 31 December 2022

hello plz let me know what shud be my turnover for 44ad if my gst turnover is 40 lakhs but gst was taken while crossing the limit of gst threshold.. so total turnover shud be gst turnover + turnover before taking gst??

Reply
On 31 December 2022 at 18:23
User Avatar

Profession
28261 Points Posted on 31 December 2022
Sec 80D IN MEDICAL INSURANCE CAN BE AVAILED UPTO A MAX OF Rs. 25000.
Reply
On 31 December 2022 at 22:16
User Avatar

Practising CA
8954 Points Posted on 01 January 2023
Yes @ kiranm kentuky
Reply
On 01 January 2023 at 03:42

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. LTCG on property sale
  2. Capital gains incidence due to bonus shares
  3. Amendment of Object Clause of Memorandum
  4. How Can I Request a Refund for an Accidental Airte
  5. TDS on salary paid in cash
  6. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  7. Last Date To Fill ITR For Non-Audit Case
  8. Guidance Required on Filing Fresh Registration und
  9. IT Return Refund Status AY 2026-27
  10. Clarification Regarding Income Tax Demand Notice

More recent discussions | Post

Related Topics :

Loading