Dear Members,
Please carify that whether the Personal Accident Policy premium can be claimed as deductions under Chapter VIA of Income Tax Act. or In other Sections of Income Tax Act??
Thanks in Advance
Sanjay Verma
SANJAY (CHARTERED ACCOUNTANTS) (943 Points)
30 March 2012Dear Members,
Please carify that whether the Personal Accident Policy premium can be claimed as deductions under Chapter VIA of Income Tax Act. or In other Sections of Income Tax Act??
Thanks in Advance
Sanjay Verma
mahaveer
(Job)
(25 Points)
Replied 30 March 2012
Mihir
(Wealth Manager)
(5293 Points)
Replied 30 March 2012
Deduction not available for personal accident policy, probably because its an indemnity and not typically an investment.