Certain doubt about invetment

if we invest in ppf on 1 st apr 2020
then it will be count for either fy 20-21
or fy 19-20
Replies (6)
Quick Summary
This discussion clarifies the tax deduction rules for PPF investments made between April and June 2020. Investments made during this period can be claimed for either the financial year 2019-20 or 2020-21. You can choose which financial year to claim the deduction for, but you must not claim it twice.

The date for making various investment/payment for claiming deduction under Chapter-VIA-B of IT Act which includes Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations), etc. has been extended to 30th June, 2020. Hence the investment/payment can be made up to 30.06.2020 for claiming the deduction under these sections for FY 2019-20

@ Mr Gulshan Agarwal.,

As per latest press release.,
You can claim deduction of PPF deposit in FY 19-20...
@ Gulshan Agrawal

You can invest up to 30th June in saving instruments to claim the deduction in F.Y. 2019-20.
@ karan singh
if we want to take the benifit of investment during apr 20 to jun 20 in fy 20_21
can we take?
@ Mr Gulshan Agarwal.,

Yes... You can avail the benefit in FY 20-21...

Note : The deduction will be taken in any one of the accounting Year...
@ Gulshan Agrawal

Its totally your choice about the year in which you want to claim benefit of investment/donation but make sure you are not claiming it twice.

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