Hello sir,
My query is as follows:
Income Tax return filing for FY 2019-20 (AY 2020-21)
Mediclaim renewal is due on 22/3/2020.
Premium paid Rs. 25000/-
Policy mentions period as 23/3/2020 to 22/3/2021.
Can one claim this deduction for FY 2019-20?
or based on policy period, it is to be considered for FY 2020-21?
Kindly revert.
Thanks
Suraj
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Mediclaim deduction
Replies (3)
Quick Summary
The deduction is available based on the date of investment. It has to be during the Accounting Period for claiming deduction. However you can not ask for deduction again on the same thing.
Deduction under chapter VI A is available on payment basis as per my view you have to take deduction on FY 19-20.
It is to be taken in F.Y.2019-20.
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