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Medical Allowance

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(Querist)
16 June 2011 Mr. X a Director of XYZ Pvt. Ltd. has received medical allowance of Rs. 15000 for the year. Whether the medical allowance given to director can be claimed as expense in the XYZ Pvt. Ltd Co.?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 June 2011 yes. it can be claimed as part of salary given to Director under Income tax

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