Investment can be made by an individual after 31st March for FY 2022-23

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Investments made after March 31st cannot be used to reduce your income tax liability for the financial year 2022-23. To claim deductions, payments for investments must be made within the financial year, meaning before the 31st of March. No extensions were granted for this period.

Daya

Daya (Querist)
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30 March 2023 whether investment can be made by an individual after 31st March for 2022-23 to reduce tax liability of income tax.

Sanket

Sanket (Expert)
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30 March 2023 To avail the deduction from gross total income, one have to make a payment for the investment within the financial year. i.e. before 31st March. So to answer your question, Investment can be made but tax liability can not be reduced for the F.Y. 2022-23.