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Eligibility of service tax for mediclaim insurance, Income Tax |
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Eligibility of service tax for mediclaim insurance |
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WHETHER SERVICE TAX AMOUNT IS ALSO ELIGIBLE FOR MEDICLAIM INSURANCE PREMIUM U/SEC 80D.PL PROVIDE DETAILS OF CIRCULAR,NOTIFICATION OR ANY OTHER INFORMATION TO SUPPORT Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
No circular, notification or any other authenticated information is available as of now. We hope the govt. would clarify the matter in due course.
As per 80D of IT Act 'any sum paid to effect or to keep in force an insurance on the health....' is eligible for deduction. Service tax on mediclaim is a statutory levy which is to be paid along with premium to keep in force the policy. Thus, it is the amount paid towards mediclaim insurance and should be eligible for deduction. Page: 1 Old Query - New Comments are closed. |
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