Regarding 80c excemption for insurance premium

Share
Share This Thread
  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.
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Query Regarding Standard Deduction Income Tax Apr 10, 2018
QUERY REGARDING INCOME TAX Income Tax Apr 2, 2018
Regarding 80C & 80CCD Income Tax Mar 21, 2018
Regarding LTA Exemption Income Tax Mar 19, 2018
regarding limit of tution fee dedution under 80c Income Tax Feb 23, 2018