13 March 2009
Can an individual claim rebate u/s80D wherein he has actually reimbursed the amount paid by his parent who is a dependant . The Mediclaim amount has originally been paid off by his parent and the policy stands in the name of his parent . He has only reimbursed the said amout to his parent by cheque.
13 March 2009
Dear Indranil, In such a case not. The deduction u/s 80D is allowed when the payment is made to GIC or any other approved insurer and that too by cheque. It is populary known as Mediclaim Scheme.
Here its a reimbusrment not a payment. therefore Not available.
16 March 2009
Thanks for the reply . Further to my initial question , following is the point which requires clarification.
A company has a Group Medical Insurance Policy which is being paid off by the company for all employees based on the age & other profiles of the dependants of the individual employees . Over and above the payment made by the company , an individual employee can pay an extra amount to increase their individual insurance limits. Can an employee get an exemption u/s 80D for the extra amount personally paid by him / her ? Please note that even the extra amount is firstly paid by the company which is later on being reimbursed by the employee as a decution from the next month's salary
CAclubindia
