NPS deduction

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8 Points Posted on 08 March 2020
in was deducted 7000 TDS in my salary in fy 2018-19, but while filing itr 1, 50000 contribution was not adjusted in section 80 ccd(1b). how can i claim fy 2018-19 nps deduction in fy 2019-20
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On 08 March 2020 at 09:02 Report
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You've asked if you can claim an NPS deduction for FY 2018-19 in your FY 2019-20 tax return, especially after TDS was deducted from your salary. Unfortunately, NPS deductions under Section 80CCD(1B) must be claimed in the same financial year the investment was made. This means you can only claim it based on the year you actually made the payment.

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SEO Sai Gr. Hosp.
212556 Points Posted on 08 March 2020

No.

The deduction need to be claimed in the same year of investment made.

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On 08 March 2020 at 09:49
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Consultant
1891 Points Posted on 08 March 2020

Deduction can be claimed on payment i..e, to be claimed in the year of payment. 

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On 08 March 2020 at 12:41

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