In order to get deduction u/s 80D(med insurance premium), whether a person shud have paid premium in previous year or is it enough if it is paid in assessment year? please reply fast.
Sourabh Sharma
(CS CA (Final) M.com NCFM Derivative Capital Market Mutual Funds)
(771 Points)
Replied 31 July 2009
Definitely in previous year
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 31 July 2009
IT IS IN PREVIOUS YR ONLY...........
PIYUSH JINDAL
(study)
(84 Points)
Replied 03 August 2009
in the previous year by any mode other than cash