Query regarding section 80d
This query is : Resolved
Vinay Upadhyay
(Querist)
10 June 2014
Hi,
I had purchased medical insurance in Mar 2013 that had premium about 28000 and term 5 years. I had paid premium in full at that time. However, since I was studying in college, I did not file IT return. Please advise whether I can mention it in deductions now and lower my income tax (TDS) under section 80D.
Thanks,
Vinay
I had purchased medical insurance in Mar 2013 that had premium about 28000 and term 5 years. I had paid premium in full at that time. However, since I was studying in college, I did not file IT return. Please advise whether I can mention it in deductions now and lower my income tax (TDS) under section 80D.
Thanks,
Vinay
Nikhil Kaushik
(Expert)
10 June 2014
you need to claim in the year of payment itself. so you can claim this in only in tax return for FY 2012-13 (AY 2013-14)
Vinay Upadhyay
(Querist)
10 June 2014
Thanks Nikhil. It means that i have missed the opportunity to avail tax benefit on this policy. Is there any other way i can avail tax benefits for it.
Nikhil Kaushik
(Expert)
10 June 2014
unfortunately yes you have missed the opportunity.
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