I have not taken any investment in FY 2016-17 for 80c deduction. TDS have also been deducted for FY 2016-17.
Now I want to fill belated ITR for FY2016-17.
Can now I take 80c deduction benefit by investing for filling FY 2016-17 ITR in this FY 2017-18 ???
3 Replies
Sharad
(Professional)
(73 Points)
Replied 25 March 2018
no...section 80C benefits are on Cash basis...u can claim benefit only in the year of actual payment.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193928 Points)
Replied 25 March 2018
1. Be clear about the assessment year, while filing return......
2. If you are filing return for FY 2016-17........ it is called AY 2017-18, even if it is filed today....
3. So, if you had made any investment u/s. 80C in financial year 2016-17...... it can be claimed in ITR of AY 2017-18........
4. But if you had not invested any thing in FY 2016-17, you cannot claim it in ITR of AY 2017-18,,,,,,,
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