Extention of financial year

Extension of due date for filling ITR is nothing to do with Extension of F.Y.

Due date of filling ITR is itself 31st July (in case audit is not required) and 30th Sep ( where audit is required).

Also extension of F.Y. will be a messy situation not for only current F.Y. but also for next F.Y.

Better govt. extend some due dates instead of extending F.Y.

If I want make an investment for deduction in chapter VI then it can be made till 30/06/2020 or should be made by 31/03

Thats the point I mentioned that govt. should extend some due dates but I think as of now no clarification has come.

It is expected that the FY closing date will remain same as 31.03.2020 but the time period to make all the yearly compliances shall be increased by 2 to 3 months. 

We can wait for the press conference scheduled at 2pm by our FM. 

Dear Hemangi
Date has been extended for investment in saving instruments till 30/06/2020

Does this also extend the deadline for filing ITR rectification/revision for FY 2018-19 and for responding to notice under 143(1) ??

Yes it has been extended to 30/06

Thanks