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Eligibility of service tax for mediclaim insurance, Income Tax

Issue Id: - 705
Dated: 20-3-2008
By:- DEBABRATA ROY

Eligibility of service tax for mediclaim insurance

Contents

WHETHER SERVICE TAX AMOUNT IS ALSO ELIGIBLE FOR MEDICLAIM INSURANCE PREMIUM U/SEC 80D.PL PROVIDE DETAILS OF CIRCULAR,NOTIFICATION OR ANY OTHER INFORMATION TO SUPPORT

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1

1 Dated: 21-3-2008
By:- Surender Gupta

No circular, notification or any other authenticated information is available as of now. We hope the govt. would clarify the matter in due course.

2 Dated: 21-3-2008
By:- V Ramanujam

As per 80D of IT Act 'any sum paid to effect or to keep in force an insurance on the health....' is eligible for deduction. Service tax on mediclaim is a statutory levy which is to be paid along with premium to keep in force the policy. Thus, it is the amount paid towards mediclaim insurance and should be eligible for deduction.

Page: 1