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