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Business Expense in FY 2019-20

335 views 6 replies
As investment under 80c has been extended to 31st June 2020 recently .
considering this extension ,I have a doubt regarding business expense

I run Online Ads for my business , so it comes under business expense . If business expenses after 31st March is considered for FY 2019-20 .
Replies (6)
No Sir, Expenditure till 31st Mar,2020 will only be regarded as expenditure for F.Y 2019-20.

F.Y. is not extended.
Yes.... I agreed to Mr Karan Singh reply...

@ Mr pr br.,

As per Your question ("As investment under 80c has been extended to 31st June 2020 recently")



As per Your query.,

No... FY not extending to Jun-2020. But, The recent press releases says due dates are extended.

It's mean the deduction related investment can be invest up-to 30th Jun-2020. But, The dues will be on or before 31st March dues only. We can't avail exemption if FY 19-20 return if we paid April dues...

Finally we want to wait exact clarification by departments
Thank you so much Raja sir and Karan Sir for correcting me . Thank you for your help
You are most welcome @ pr br.
You are most welcome dear

No business expenses incurred after March 2020 cannot be claimed in the FY 2019-20. 

As per the government press release, the investment to be made under tax saving schemes can be made upto 30.06.2020. 

 


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