Extension of FY 2019-20.

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kolkata
55 Points Posted on 30 March 2020
Whether FY 2019-20 has been extended upto 30th June?
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On 30 March 2020 at 18:25 Report
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The fiscal year 2019-20 officially ends on 31st March 2020, with the new fiscal year 2020-21 commencing on 1st April 2020. While the fiscal year itself has not been extended, several tax-related due dates, such as for investments under sections 80C and 80D, have been pushed back to 30th June 2020. This means payments made by this extended date can still be claimed for deductions in the FY 2019-20 tax return.

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"Do the Right Thing...!!!"
128157 Points Posted on 30 March 2020
No...
The FY not extending to Jun-2020...
Some of due dates are extended to 30th Jun-2020.
FY 19-20 is same period as Apr-19 to Mar -20.
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On 30 March 2020 at 18:30
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kolkata
55 Points Posted on 30 March 2020
Thank you.
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On 30 March 2020 at 18:49
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"Do the Right Thing...!!!"
128157 Points Posted on 30 March 2020
You are welcome
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On 30 March 2020 at 18:50
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job
376 Points Posted on 30 March 2020
No
The beginning of the fiscal year (2020-21) would begin normally on April 1
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On 30 March 2020 at 23:30
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Chartered Accountant
1693 Points Posted on 31 March 2020

Hello,

FY 2019-20 is ending on 31 March 2020 as scheduled. Next FY, Fy 2020-21, starts from 1st April 2020. No change in this.

 

For the purpose of tax savings (80C, 80D), one had a complete investment in ELSS, Life Insurance etc till 31 March 2020. This date is extended to 30 June 2020.

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On 31 March 2020 at 00:13
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am
13 Points Posted on 31 March 2020
If I invest on 1st April, 2020, shall I able to claim for FY 2020-21?
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On 31 March 2020 at 00:45
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"Do the Right Thing...!!!"
128157 Points Posted on 31 March 2020
Yes... You can claim deduction as per Your question.
But, the dues will fall on or before 31st Mar-20 only...

For ex :
If Your march month's LIC due is 30th Mar-20.
But, in current situation You are not paid it on or before 30th Mar-20. The said due can be pay on or before 30th Jun-2020 and You can claim deduction in FY 19-20 ITR.
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On 31 March 2020 at 03:32
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5 Points Posted on 31 March 2020
Can advance tax for f.y 2019-20 be paid in april 2020 as last date was 15 March 2020
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On 31 March 2020 at 09:59
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"Do the Right Thing...!!!"
128157 Points Posted on 31 March 2020
Ask Your query in new forum. Don't be cross other's queries...
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On 31 March 2020 at 10:15

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