Regarding 80c excemption for insurance premium

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  1. Raja-r

    Raja-r New Member

    i have brought an single premium insurance in March 2014 which is for 10yrs. I have forget to include this in 80c excemption on 2014-15 assessment year and filed my returns.
    The premium amount I paid is still haven't been claimed for excemption.
    Can I revise the 2014-15 year and claim refund now.(or) can I include In this assessment year 2016-2017.
     
  2. ZED

    ZED Well-Known Member

    Last date for revision was 31.06.16

    Nope, that can't be done.
     
  3. Raja-r

    Raja-r New Member

    Thanks for your reply.
    I will be able to revise the old assessment 2014-2015 that was filed on July 2015 until 31-7-2016?
     
  4. ZED

    ZED Well-Known Member

    No, only upto 31.03.16

    S.139(5) If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :
     
    V K Khanna likes this.
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