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For 80d deduction

This query is : Resolved 

01 March 2018 Dear sir I have one Q. for Deduction U/S 80D
If cliend have to pay Rs. 20000 for F.Y. 2017-18 premium, if client paid Rs. 20000 for F.Y. 2018-19 premium in advances i.e. in march 2018. i.e. total payment in F.Y. 2017-18 is Rs. 40000.
Can he cliam deduction of 20000 rs in each year?? i.e. 20000 in F.Y. 2017-18 and 20000 in F.Y. 2018-19

01 March 2018 Deduction under section 80D is on payment basis so if you pay in advance then you have to claim in the year of payment even though it relates to future years.

02 March 2018 There is an amendment u/s 80(D) in the Budget for the FY-2018-19, that you can appropriate for the respective FY in case of Advance Payment.from the FY-2018-19.


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