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Extension of timeline for tax saving investment till 30th June

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CA Satpal Chopra

21 Points Posted on 27 March 2020

Hi
The Govt has announced that tax payer have time until june 30th 2020 to complete their tax saving exercise for FY 19-20.

Is 80G donation also covered under this and can Donation be done upto 30th June 2020 for FY 19-20?

Regards

Replies (3)

Quick Summary

The government has extended the deadline for tax-saving investments for the financial year 2019-20 to 30th June 2020. There is some uncertainty regarding whether donations made under Section 80G are included in this extension. While some interpret the announcement broadly to cover all compliance, others believe it only applies to investments with due dates falling before 31st March. Further clarification from the CBDT is awaited.

Guest

Posted on 27 March 2020

There is a bit confusion over that.

beacuse as per relief measure announced by FM, it says due date of "any compliance by the taxpayer including investment in saving instruments" is extended to 30th June . So I think sec 80G should be covered under wording "any compliance".

But let's wait for further clarification from CBDT.

RAJA P M

"Do the Right Thing...!!!"

77792 Points Posted on 27 March 2020

As per my view.,

No...
As per govt's instruction which investment's dues fall on or before 31st March that related payments can be pay on or before 30th Jun-2020 and avail the deduction in ITR for FY 19-20.
But,
80G donation not fall in any due...
So, it's not consider if pay to 30th Jun-2020