Last years Deduction under section 80C


This query is : Resolved 

Quick Summary
If you forgot to include your wife's insurance premium paid in FY 18-19 under Section 80C deductions when filing your IT return, you cannot claim it in the current FY 19-20. The only way to rectify this is by filing a revised return. You have until June 30, 2020, to submit the revised return and claim the eligible refund.

(Querist)
25 May 2020 Dear Sir,

I forgot to taken into consideration the insurance premium paid for my wife amounting to Rs. 12,270 in my IT return for the FY 18-19. I have paid taxes for that period.

Please suggest is there any way of taken into the same in the FY 19-20. Or should I need to revised return. Because the present situation is very worst in terms of income and all.

Thank you,

Dependably yours




25 May 2020 It can't be taken into the same in the FY 19-20. You need to file revised return as time for such filing available now.

26 May 2020 File the revise return till 30 june 2020 and claim the refund .This is the only way


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