Can I claim deductions on investments, insurance etc. purchased after end of financial year?

Tax queries 244 views 2 replies

Hi,

I am a new tax payer and unfortunately I have not been able to acquire investments, insurance etc. which allow me to claim deductions on them during the financial year (due to my busy schedule), so I want to know if I purchase these things after the financial year (i.e after 31st of match), can I claim those under deductions in the assessing year?

Thank you

Replies (2)
No it should be due in the previous year
LTA/LTC can be claimed under section 10 even after FY and deductions under section 80C to 80U can't be claimed..

Let me know your source of income ..

If it is capital gain then you may avail few deductions for even after financial year or before financial year subject to conditions


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