Mr. Pratik has paid insurance premium of Rs. 25,000 in FY 2014-15 however he fails to claim the same in return of FY 2014-15, whether the said amount can be claimed in next FY 2015-16?
Menu
Unclaimed deduction of insurance premium
Replies (1)
The deducion is applicable if claimed in return and for the next fy the limit will be for that year only. So if there is any un used limit then one can claim the same in next fy. Rather i would suggest if the returns are filed in time then i advise you to file revised return for fy 2014-15 claiming the said deduction.
Recent Threads
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
Related Threads
CAclubindia
