HRA & LIC Premiums
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2011
Hi,
I would like to know incase of HRA Exemption if Maintainenace Charges paid by the employee are eligible for deduction.
Secondly Service tax paid on LIC & Mediclaim premiums are eligible under 80C.
I would like to know incase of HRA Exemption if Maintainenace Charges paid by the employee are eligible for deduction.
Secondly Service tax paid on LIC & Mediclaim premiums are eligible under 80C.
23 February 2011
No to the first part. Yes to the second part.
23 February 2011
Mediclaim Premium is allowable u/s 80D of the Income ax Act and service tax charhed on premium amount is stritly not allowable but every body is taking benefit of premium paid including service tax and most of the case It Department do not have any objection
23 February 2011
Service Tax is an inherent part of premium paid and is included in the total charges paid as premium, hence the benefit of including the in the gross premium paid can be availed.
24 February 2011
agree with Mr. Ashok..
Benefit is available for premium inclusive of service tax.
Benefit is available for premium inclusive of service tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
