Dear all..
i want to know that whether claim received on health insurance policy is taxable or not??? and if not taxable, then under which section????
Dear all..
i want to know that whether claim received on health insurance policy is taxable or not??? and if not taxable, then under which section????
Dear Sumit,
Claim of Health Insurance is re-imbersement of your actual cost and does not fall under the defination of income. Accordingly not charbele to tax.
Regards
Juzer
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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CMNITY HIRE
New Delhi
Others
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