Collection of medical bills is compulsory for giving exemption of Rs 15000/-
What is act say...........
any circular is there ? or what is supporting...............................
7 Replies
Amir
(Learner)
(4016 Points)
Replied 12 January 2010
Dear Datta Gore,
Yes since it is a reimbursement & not an allowance..
CA Radhika Arde
(Chartered Accountant)
(67 Points)
Replied 12 January 2010
Yes Bills are compulsory.........As it is Reimbursement...
Krutesh Patel
(ACA)
(727 Points)
Replied 12 January 2010
The company has to confirm that actual expenses are incurred for medical expenses.
Vinod Nayak
(Regional Manager - Finance)
(69 Points)
Replied 13 January 2010
Medical bills are to be submitted since it is reimbursement of expenses incurred
Batul
(Article assistant)
(207 Points)
Replied 16 January 2010
Since it is reimbursement the company must be made knowledgable regarding the actual occurrence of an expense hence the bills will be compulsory
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 16 January 2010
Since it is reimbursement of Expenses, bills are required required.
Nimit
(Article)
(47 Points)
Replied 17 January 2010
Yes
Since its an Reimbursement and exemption of Rs 15000/- is provided on Reimbursement of Medical bills
Medical Allowance is taxable.
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