26 September 2014
assessee senior citizen has various policy & pays premium for d some & get deduction upto 20000. for other policy his son pays premium & he also wish to get deduction of 20000. so my query is can two assessee get d deduction upto 40000 for medical insurance of 1 assessee if both has paid for different medicl policy
26 September 2014
well ya...the way section is structured. the restriction is placed on each payer. so yes both can claim 20k against medical insurance premium for the senior citizen father
CAclubindia
