mediclaim U/S 80 D
This query is : Resolved
06 May 2010
A person has taken a mediclaim in feb,2010 for the family for rs.12,000/-valid for 2 years through credit card. He has converted the amount to EMI of rs.650/- pm starting from May,2010 for 24 months. now, he got the premium receipt/policy documents stating that for F.Y.2009-10-rs.1000, F.Y.2010-11 rs.6000/- F.Y.2011-12-rs.5000/-.
now the query is how much he can claim deductions U/S 80 D ,
1) Rs.1000/- as per policy documents,
2) NIL as not paid from his a/c
3) Rs.12000/- whole amount as paid by CC dept.
now the query is how much he can claim deductions U/S 80 D ,
1) Rs.1000/- as per policy documents,
2) NIL as not paid from his a/c
3) Rs.12000/- whole amount as paid by CC dept.
07 May 2010
pl. give comment
07 May 2010
as per 80D deduction is available to amount which is paid.
So in your case for A.Y. 2010-11 only 1000/- is allowed as it is only amount which is paid.
after A.Y. 2008-09 it is arranged that premium can be paid by any mode other than cash so credit card is allowed.
So in your case for A.Y. 2010-11 only 1000/- is allowed as it is only amount which is paid.
after A.Y. 2008-09 it is arranged that premium can be paid by any mode other than cash so credit card is allowed.
07 May 2010
Agreed with Mr. Prashant. 80D is allowed only for the payment made in the year i.e Rs.1,000 in your case.
08 May 2010
Thanks for your comments.
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