Extension period for saving

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Mechanical
20 Points Posted on 22 September 2020
savings made upto which month can be counted in the last financial year?
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On 22 September 2020 at 21:12 Report
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For the financial year 2019-20, the deadline for making investments to claim deductions under Chapter VI-A (sections 80C to 80U) has been extended to 21st July 2020. This means any investments made between 1st April 2020 and 31st July 2020 can be claimed for either FY 2019-20 or FY 2020-21, offering you flexibility in choosing the most beneficial financial year for the tax benefit.

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Tax and Business Consultant
20 Points Posted on 22 September 2020
For F.Y 2019-20 Compliance of any provisions of Chapter VI-A under the heading “B.- Deductions in respect of certain payments” i.e for investment to claim Deduction u/s 80C to 80U is extended to 21st July, 2020..

So, investment made under section 80C to 80U from 01/04/20 to 31/07/2020 you can take benifit of same in F.Y 2019-20 or F.Y 2020-21 (in any one year) as per your choice.
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On 22 September 2020 at 22:58
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Mechanical
20 Points Posted on 26 September 2020
Thank you
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On 26 September 2020 at 23:16
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Tax and Business Consultant
20 Points Posted on 27 September 2020
Welcome..................
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On 27 September 2020 at 00:34

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