Medical Expenses

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We are a ITES Company that provides healthcare solutions to retail customers. We conduct pathological tests for our customers and then follow it up with medical updates to then every quater. We also store this data for the customer in a software that is customised toour service.

My query is :

1) Can my customer claim tax deductions for the enrollment fee that we charge under medical expenses section 10?

2) Can I get any tax breaks with the current taxation rules. If so under which head do I register my firm?

I would appreciate if anyone of you could provide me with some insight on the above matter.

 

Thanking you.

 

Kennedy Pereira.

Co Founder.

 

 

Replies (1)
Originally posted by : Kennedy Pereira

We are a ITES Company that provides healthcare solutions to retail customers. We conduct pathological tests for our customers and then follow it up with medical updates to then every quater. We also store this data for the customer in a software that is customised toour service.

My query is :

1) Can my customer claim tax deductions for the enrollment fee that we charge under medical expenses section 10?

2) Can I get any tax breaks with the current taxation rules. If so under which head do I register my firm?

I would appreciate if anyone of you could provide me with some insight on the above matter.

 

Thanking you.

 

Kennedy Pereira.

Co Founder.

 

 

section 10 is related to "receipts" which are not part of taxable income, it never goes with "deductions"

for this deduction sec 80 DDB is put below

 

Deduction in respect of medical treatement etc.Sec. (80DDB)

 

Who can Claim
A resident individual or HUF (Hindu Undivided Family)

Which Period
Deduction is allowed in respect of amount actually paid during a year for the medicaltreatment of specified disease or ailment for himself or a dependent or a member of a HUF.The diseases an ailments specified under rule 11DDShow/Hide

 

Amount of deduction

  • Amount actually paid or Rs. 40000 whichever is less.
  • amount actually paid or Rs. 60000 whichever is less.(In case the amount is paid in respect of the assessee, or a person dependent on him, who is a senior citizen (exceeding 65 year of age).

Conditions:

  1. The deduction allowable shall be reduced by the amount or insurance cover formedical treatment, if any received.
  2. The assessee shall furnish a certificate in form 10-I (download) from neurologist, oncologist such other specialist, as may be prescribed, working in a Government hospital.

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