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Mediclaim received

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 October 2012 what is the treatment of mediclaim received in a proprietor's books as well as in statement of total income while calculating income tax

please reply as soon as possible.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
05 October 2012 Mediclaim amount must have been received after some expenses have been incurred. So if you net off against the expenses no credit will remain.

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