Vivek (Finally passed CA Final...!!!!!) (1097 Points)
25 January 2010Hi all,
80D allows a deduction for the payment made towards mediclaim insurance premium.. (paid by other than cash)
Insurers in addtion to basic premium amount also charge Service tax... Whether deduction is available on such service tax part also.... Kindly clarify...
CA Pramod Jain
(manager finance)
(1577 Points)
Replied 25 January 2010
exemption will be available for full amt including service tax as shown in receipt/.
Amir
(Learner)
(4016 Points)
Replied 25 January 2010
Dear Vivek,
I disagree with friend Pramod, the amount of service tax is not eligible for deduction...
Only the amount of premium will be eligible for deduction.......
BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
Replied 25 January 2010
ONLY AMOUNT PAID FOR PREMIUM WILL BE TAKEN FOR EXEMPTION, SERVICE TAX AMT WILL NOT BE INCLUDE IN THIS...
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 26 January 2010
The whole amount will be available for deduction..
CAclubindia
