Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

ITC on Mediclaim policy

Subodh KS (44 Points)

08 July 2020

Can I claim for ITC on Mediclaim policy for employees?

Reply
Follow
Share

3 Replies

CA ABHAY GUPTA (Practice) (3230 Points)
Replied 08 July 2020

If it is mandatory to get medical of all employees under any law being time force then you can else you can not

Upgrade to CAclubindia Pro. Subscribe Now!

Subodh KS (44 Points)
Replied 08 July 2020

MHA has issued Order No. 40-3/2020-DM-I (A) dated 15th April 2020. In Clause No. 5 of Annexure-II of the order MHA has made medical insurance mandatory for workers.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 08 July 2020

@ Mr Subodh KS.,

Yes... You (company) can claim ITC for insurance taken for employees.

Note : The amount of insurance paid must be in the company's books into PandL account.