11 March 2020
Dear sir, I have one doubt regarding Deduction U/s 80D. As per income tax act TDS on salaries will be calculated on Estimated basis/actual basis. At the time of calculation of TDS some of employees are submitted medical insurance premium payment Receipts for 2 years for Rs 86000 including parents (Ex:01-04-2019 to 31-03-2021). But at the time of calculation of total income of employee,what amount should be considered for deduction u/s 80D. whether we take deduction of Rs.50000(25000 self+25000 parents) or (86000/2=43000 because policy applicable for 2 years i.e 21500 self+21500). please tell me the Relevant Provision or Notification.
27 August 2020
Dear sir, i have one doubt, while claiming 80D deduction or 80C deduction only premiums considered or premium+GST considered. Please tell me the Relevant Provision or Notification.
CAclubindia
