I paid Rs 31000 on 20/04/23 towards Medical premium for the period 01/04/23 to 31/03/24 and I will be paying in the month of March 24 also Rs. 31000 premium for the period 01/04/24 to 31/03/25. The total comes to around Rs. 62000 during the F. Y. : 2023-24.
Obviously I did not claim any thing u/s 80D while filing my ITR in July 23 for the AY 2023-24.
My query is whether I am eligible to claim Rs 62000 ( Subject to a maximum of Rs. 50000) under Sec 80D for A. Y. 2024-25 even though it is for 2 different periods but paid in the same Financial year?
CAclubindia
