Certain doubt about invetment

168 views 6 replies
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)

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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