Regarding e filing of return
This query is : Resolved
08 July 2013
hello sir/madam
i have a doubt regarding mediclaim ... if any employee of PSU unit has spend money on medical treatment.. and later on same received by him later on through cheque... whether it should be include in income first and then deduction under sec 80D ..or their is any other procedure.... plz frnds do rply ..
with regards
himani gupta
i have a doubt regarding mediclaim ... if any employee of PSU unit has spend money on medical treatment.. and later on same received by him later on through cheque... whether it should be include in income first and then deduction under sec 80D ..or their is any other procedure.... plz frnds do rply ..
with regards
himani gupta
09 July 2013
80 D is related to any person ,one need not to be a salaried person.its available on medical insurance premium..
in your case he received amt as a reimbursement.. first it would be added then deduction can be claimed us 80 D as per limits specified.
in your case he received amt as a reimbursement.. first it would be added then deduction can be claimed us 80 D as per limits specified.
Message likes :
1 times
09 July 2013
hello sir,
but if the person has spend first on medical treatment ..and received after wards then with showing in income only taking deduction...will there be any penalty for this because by mistake i filled a return of PSU employees return. plz do rply
with regards
himani gupta
but if the person has spend first on medical treatment ..and received after wards then with showing in income only taking deduction...will there be any penalty for this because by mistake i filled a return of PSU employees return. plz do rply
with regards
himani gupta
10 July 2013
no panelty.. you can revise his return u/s 139(5)in specified time, if earlier it has been filled in time..do refer sec 139 (5)
10 July 2013
but sir if any person has already spent money from his salary for mediclaim ..then while receiving the amt of mediclaim why it should be added... because first we are spending money and then getting... plz do rply
with regards
himani gupta
with regards
himani gupta
10 July 2013
If u have taken any deduction earlier and later u get money then its taxable thats y it should be added back.
10 July 2013
Value of any benefit/amenity granted free or at concessional
rate to specified employees is treated as perquisite as per sec. 17 (2) of the income tax act...
therefore it will be taxable because this benefit provided by employer by way of reimbursement of the said mediclaim premium .......
rate to specified employees is treated as perquisite as per sec. 17 (2) of the income tax act...
therefore it will be taxable because this benefit provided by employer by way of reimbursement of the said mediclaim premium .......
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
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
