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Query Details

Asked by namish on :Jul. 11, 2018

I have made the payment of medical insurance prem…

I have made the payment of medical insurance premium of my father in cash, Is it eligible for deduc…

I have made the payment of medical insurance premium of my father in cash, Is it eligible for deduction?

0

Jeeba Jul. 11, 2018

No
Section 80D income tax act provides that mediclaim insurance paid by a person for himself, his spouse, parents and children is eligible for the deduction subject to the condition and limit provided in act.

Further, this section has also prescribed the mode of payment. As per this section, you can pay your medical insurance premium in any mode other than cash.

Since you have paid a premium in cash, you are not allowed to take the benefits of deduction under section 80D.

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