sumit singhal (CA fianl student) (48 Points)
05 December 2009Dear all..
i want to know that whether claim received on health insurance policy is taxable or not??? and if not taxable, then under which section????
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 05 December 2009
Dear Sumit,
Claim of Health Insurance is re-imbersement of your actual cost and does not fall under the defination of income. Accordingly not charbele to tax.
Regards
Juzer
CAclubindia
