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Extension period for saving


Shine (Mechanical )     22 September 2020

Shine
Mechanical  
 7 likes  151 points

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savings made upto which month can be counted in the last financial year?

avater

Sagar Patel (Tax and Business Consultant)     22 September 2020

Sagar Patel
Tax and Business Consultant 
 995 likes  11141 points

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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.

avater

Shine (Mechanical )     26 September 2020

Shine
Mechanical  
 7 likes  151 points

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Thank you

avater

Sagar Patel (Tax and Business Consultant)     27 September 2020

Sagar Patel
Tax and Business Consultant 
 995 likes  11141 points

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Welcome..................


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