Sec 80d
This query is : Resolved
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
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
- ITR filing obligation due to savings deposit
- ITC availability for BOLERO-HILUX (HIGH AT, M1G) HLXX0
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- Can Stamp duty taken as a expense
- To Keep Records
- NRI as second account holder of resident account
- Applicability of Ind AS on wholly owned subsidiary company (incorporated overseas)
- Advice on How to calculate the peak balance needed for schedule FA in India for US checking account?
- TDS Payment Single Payment
- Regarding DTVSV application
- Spl02 waiver of interest and penalty
- Regarding Claim of ITC of FY 2020-21
- Form inc-24
- Regarding EPR Obligation Charges
- How to make any party sales or purchase recociliation
- E invoice mandatory for taxable value in a year 15 lakhs where as aggregate turnover is 6 crores
- TDS deduction.
- Regarding TDS deduction before 15CA filing
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
- Regarding 15CA.
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
