Eligibility of service tax for mediclaim insurance

[DEBABRATA ROY]

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

AI Summary

Debate Over Inclusion of Service Tax in Mediclaim Premiums for Section 80D Deductions Lacks Official Guidance A query was raised regarding the eligibility of service tax on mediclaim insurance premiums for deductions under Section 80D of the Income Tax Act. One respondent indicated that no official circular or notification is currently available to clarify this issue. Another respondent argued that since service tax is a statutory levy paid alongside the premium to maintain the policy, it should be considered part of the mediclaim insurance premium and thus eligible for deduction under Section 80D.