Mr. Akash, aged 72 years, paid medical insurance premium of 52,000 by cheque and - 4,000 by cash during May, 2024 under a Medical Insurance Scheme…
CA Intermediate · Taxation · MTP · January 2026
Mr. Akash, aged 72 years, paid medical insurance premium of 52,000 by cheque and - 4,000 by cash during May, 2024 under a Medical Insurance Scheme of the General Insurance Corporation. The above sum was paid for insurance of his own health. He would be entitled to a deduction under section 80D of a sum of -
Suggested Answer and Working Notes:
Correct Answer: Option (B)
₹ 50,000
Topics: Paper 3A: Income Tax Laws
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