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GST applicability in Healthcare services

WebGST on Healthcare Services An Overview In the 25th council meeting dated 18.01.2018, following clarifications relating to healthcare services were given 1) Serv

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Health Care Services under GST

Web‘Health care services’ means the providing medicine, medical or surgical treatment, nursing, hospital , dental service, complementary health services , ambulance …

Category: Medical, Medicine Go Health

Object Clause for Hospital or Main Object for Hospital

WebDRAFT OBJECT CLAUSE FOR HOSPITAL. 1. To purchase, sell, manage, improve, maintain, obtain/give on lease, promote, administer, operate and otherwise deal …

Category: Health Go Health

Deduction U/s. 80D for Medical Insurance/Expenses & Mediclaim

WebDeduction U/s. 80D of the Income Tax Act, 1961 in respect of Medical Insurance Premium (Mediclaim) paid, to keep in force insurance by individual either on …

Category: Medical Go Health

Taxability of Medical Insurance Premium paid by employer

WebAs per Section 80D of the Income Tax Act,1961 : Deduction for premium paid for Medical Insurance. Deduction under this section is available to an individual or a …

Category: Medical Go Health

GST on health services in India

WebThe entire amount charged by them from the patients including the retention money and the fee/payments made to the doctors etc., is towards the healthcare …

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List of Items on which GST ITC is not available

Web997134, 998714, Only allowed under this head if ITC on vehicles are allowed; If the ITC on any type of vehicle is not allowed, then the cost of insurance, repairs and …

Category: Health Go Health

Deduction of Health & Education Cess from Taxable Income

WebInteresting Income Tax Issues: Deduction of Health and Education Cess from Taxable Income : AY 2020-21. Background. Sec. 40(a)(ii) of the Income –tax Act …

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Section 80D of Income Tax Deduction related to Medical Insurance

WebThe deduction is allowed on the actual amount paid for the health insurance policy and not the sum assured. Medical bills or expenses are not directly deductible …

Category: Medical Go Health

Section 80D Tax deduction for Mediclaim Insurance & Medical

WebThere are three items of medical expenditure on which deductions are permissible: 1. Medical Insurance Premium. 2. Preventive Health Check Up expenses …

Category: Medical Go Health

Save income tax via medical expenditures under Section 80DDB

WebSection 80DDB. Section 80DDB of the Income Tax Act allows you to save tax by claiming medical expenditures incurred as a deduction from income before levy of tax. …

Category: Medical Go Health

Section 80D: Threshold of Rs. 5,000 on preventive health checkup

WebSection 80D of the Income-tax Act seeks to provide deduction of INR 15,000 to a taxpayer who has incurred expenditure on health insurance of himself, spouse, and …

Category: Health Go Health

Tax on medical reimbursement received & expenses paid

WebThis is dealt in section 17 (2) of the Income Tax Act as perquisite. The whole amount of expenses incurred by the employer will be allowable expenditure to such …

Category: Health Go Health

Section 195 TDS on Non-Resident Payments

Web195. (1) Any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest (not being interest referred to in section …

Category: Health Go Health

Section 80D Deduction in respect of health insurance premia

WebSection 80Dprovides that deduction to the extent of ₹ 5,000 shall be allowed in respect payment made on account of preventive health check-up of self, spouse, …

Category: Health Go Health

Decoding Section 80D in 2024: Navigating New Tax Regime, …

Web#AD. Overview. In order to cover unexpected medical bills, Health Insurance is one of the best solutions. And, to make people understand the importance of Medical …

Category: Medical Go Health

Income Tax Rates for FY 2023-24 (AY 2024-25)

WebThis article summarizes Income Tax Rates, Surcharge, Health & Education Cess, Special rates, and rebate/relief applicable to various categories of Persons viz. …

Category: Health Go Health

Income Tax Rates For FY 2022-23 & 2023-24 i.e. AY 2023-24

WebFor the Assessment Years 2023-24 & 2024-25, a partnership firm (including LLP) is taxable at 30%. Add: (a) Surcharge : The amount of income-tax shall be …

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