Deduction U/S.80D - Premium paid once for 2 years.

This query is : Resolved 
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If you paid a health insurance premium covering two financial years in one go, you can only claim the Section 80D deduction in the specific financial year the payment was made. Any remaining premium for the subsequent year should be treated as a prepaid expense and claimed in that next financial year.

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(Querist)
30 January 2022 If I paid Rs.60000/- as Health premium during FY 2019-20 for FY 2019-20 and FY 2020-21
(2 years premium paid once) and claimed deduction U/s.80D of 25000/-n during FY 201-20.
May I claim again 25000/- deduction during FY 2020-21 ?
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c.bakshi

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c.bakshi (Expert)
30 January 2022 no, you can claim the benefit in that financial year only in which you have paid the premium amount.
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rd sharma

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rd sharma (Expert)
31 January 2022 You keep balance mediclaim in prepaid exp and claim 25k in next year.
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