Query regarding section 80d

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Vinay Upadhyay (Querist)
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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

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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

Vinay Upadhyay (Querist)
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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

Nikhil Kaushik (Expert)
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10 June 2014 unfortunately yes you have missed the opportunity.

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