Saving in PPF in April-2020

This query is : Resolved

Tarun Ahuja (Querist)
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22 August 2020 Dear All,

One of my friend deposit 1.50 lakh in PPF in the month April-2020, he does not want to claim the same amount in f.y 2019-20 return , so question is that will he be eligible to claim in f.y 2020-21 return (next year) if he did not claim in f.y 2019-20 Return.

Thanks

PURUSOTTAM PANDA

PURUSOTTAM PANDA (Expert)
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23 August 2020 Tarun ji,
The intention behind the extension of due date for claiming investments is not that it is compulsory to claim it for FY 2019-20.
Thus, your friend can definitely claim the investment for FY 2020-21, if he doesn't claim it for the FY 2019-20.

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Tarun Ahuja

Tarun Ahuja (Querist)
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24 August 2020 Thank you so much Purusottam Ji for reply.

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