Under Section 80D

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 May 2011 Dear Members,

In case of Individual, if a person pay premium say Rs.5000/- for Mediclaim for the period 30/3/2011 to 29/03/2012 on 25th March, 2011. He is eligible for deduction for section 80D in year 2011-12. He has not claim that amount in the year 2010-11. So my point is that he can claim deduction in this section for the current year or not.

CA Navin Jain

CA Navin Jain (Expert)
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07 May 2011 deduction is allowed in the year in which payment has made

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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07 May 2011 agreed... deduction is allowed on payment basis, so as you said.. he paid the same on 25/3/11... he will get the deduction for FY 2010-11.

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