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View Full Version : Is Mediclaim Insurance Proceeds taxable?



BlackPearl
19-03-2009, 08:16 PM
If anybody receives mediclaim insurance proceeds is the proceeds taxable or not taxable or exempt from tax? If it is exempt under which section of the Income tax act 1961?

CA_Amit
19-03-2009, 08:16 PM
Mediclaim is the reimbursement of expenses. & reimbursement of expenses are not taxable under Income Tax Act.

Taxman
19-03-2009, 08:18 PM
Mediclaim is reimbursement of expenses incurred and hence not taxable.