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SEC 80 D corporate insurance

Catherine (Article) (141 Points)

31 December 2022

Can we claim deduction for corporate medical insurance under section 80D?

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9 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14536 Points)
Replied 31 December 2022

Provisions 80 D of the income tax Act, is applicable only to Individual .

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Uma Tiwari (58 Points)
Replied 31 December 2022

If i dont understand how to calculate loan interest because client dont have proper data what to do ?

prasad Nilugal ( GST Practitioner & Accounts ) (14536 Points)
Replied 31 December 2022

From, where you have taken loan ?. what are the instructions for repayment of loan and interest?. what is your clients status, Company, partnership firm, sole proprietorship. etc .

Uma Tiwari (58 Points)
Replied 31 December 2022

Partnership

prasad Nilugal ( GST Practitioner & Accounts ) (14536 Points)
Replied 31 December 2022

From where you taken loan?.

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Uma Tiwari (58 Points)
Replied 31 December 2022

Loan was repayment

kiranm kentuky (12 Points)
Replied 31 December 2022

hello plz let me know what shud be my turnover for 44ad if my gst turnover is 40 lakhs but gst was taken while crossing the limit of gst threshold.. so total turnover shud be gst turnover + turnover before taking gst??