Results 1 to 2 of 2

Thread: Whether Service Tax+ Stamp duty is also considered for tax exemption under 80D for Medicalim Policy?

  1. #1
    NewBie
    Join Date
    Aug 2009
    Location
    India
    Posts
    13

    Question Whether Service Tax+ Stamp duty is also considered for tax exemption under 80D for Medicalim Policy?

    My mediclaim policy premium consists of Premium + Service Tax+ Stamp duty. I have a query - what is considered for tax exemption, out of the below combination:

    1- Premium + Service Tax + Stamp duty
    or
    2- Premium + Service Tax

    or
    3- Only Premium



  2. #2
    Moderator Matrix's Avatar
    Join Date
    Jul 2009
    Location
    India
    Posts
    258

    Default

    The Service Tax or Stamp Duty paid on medical insurance premium is not allowed as a deduction under section 80D. Deduction under section 80D can be only claimed on the amount paid as Medical Insurance Premium and not on the service tax levied or Stamp Duty thereon. So option 3 in your query is correct.


Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •