07 January 2011
For Income tax purpose medical reimbursement Rs.15000/- is allowed. for that is original copy of Bills or xerox is required for claiming deduction and secondly for this F.Y 2010-2011 is last year Bills allowed as deduction pls explain.
07 January 2011
First : Original bills are required
Second : Bills can be claimed in the same FY as it amounts to a valid business expenditure for the employer, who can not claim it so, if it pertains to earlier FY.
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