Dear All
Wanted to know whether 80D deduction should be claimed in the year payment is made or the period of mediclaim
For ex for AY 2014-15
Financial Year 2013-14
The mediclaim was paid in March 2012 but the policy duration was April 2013-April 2014
Can i claim deduction for AY 2014 (I have not claimed the same for AY 2013-14)
Anjali Saigal
Deduction u/s 80D is claimed on payment basis.In your case If you have made payment in march 2012 then ded should have been claimed in 11-12( i guess u have wrongly mentioned march 2013 as march 2012)
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
