Deduction u/s 80d

Tax queries 167 views 1 replies

SIDDHARTHA KUNDU

ARTICLE

64 Points Joined August 2011

Dear Collegue,

If any medical insurance policy's period is DEC 17 to NOV 18 and the premium paid amount is Rs.6000 for the said period, then at the time income tax computation (for F.Y. 2017-18) whether we have to take the premium amount proportionatly i;e from Apr 18 to Jan 18 or we can take the total premium amount i;e Rs. 6000 ? which will be rational ?

Replies (1)

Soumen Das

5 Points Joined July 2018

you can take total premium of Rs. 6000/- in AY 2018-19... Actually it depends on date of payment...If the date of payment falls on FY 2017-18 then you should consider it for AY 2018-19.