banner_ad

Mediclaim deduction

251 views 3 replies
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
Replies (3)
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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details