80 d
This query is : Resolved
12 January 2015
MEDICLAIM AMOUNT INCLUDING/EXCLUDING SERVICE TAX IS ALLOWED FOR INCOME TAX DEDUCTION U/S 80 d ?
CA. Anoop Bhatia
(Expert)
12 January 2015
If the insurance company in its receipt mentions total premium paid - including service tax the deduction u/s 80D should include service tax component.
Apart from this the Income Tax Act does not specifically excludes the benefit of claiming service tax deduction thus interpretation should be favoring assessee.
Thanks
Apart from this the Income Tax Act does not specifically excludes the benefit of claiming service tax deduction thus interpretation should be favoring assessee.
Thanks
Rupesh Jain
(Expert)
13 January 2015
its is allowed including the service tax.
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