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Taxation Ay

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akshay mohite

72 Points Posted on 17 July 2022

if a assessee having form 16 B showing total deductions under section 80 c as Rs 150000, while filling itr he again claim rs 15000 as mediclaim insurance paid, then can he get total deductions as rs 165000 as total deductions under chapter VI-A ?and then assessee can claim the refund for it ?

Replies (3)

Quick Summary

This discussion clarifies whether an assessee can claim mediclaim insurance payments in addition to the full Rs 1,50,000 deduction under Section 80C. The consensus is yes, provided the assessee has valid proof of payment for the mediclaim. This would allow for a total deduction of Rs 1,65,000 under Chapter VI-A, potentially leading to a tax refund.