If i deposit 20,000 in PPF now (April 2020) in which financial year shall it be accounted after the extension of dates to june 30 for investment by GOI.
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Income tax 80c FY doubt
Replies (8)
For the FY 18-19
@ Mr Ganesh.,
As per dept instructions, Assessee can be taken the investments into deduction in FY 19-20 which is deposited on or before 30th Jun-2020...
But,
it's always Your choice. You can take in FY 19-20 or FY 20-21.
As per dept instructions, Assessee can be taken the investments into deduction in FY 19-20 which is deposited on or before 30th Jun-2020...
But,
it's always Your choice. You can take in FY 19-20 or FY 20-21.
@ raja pm
is it applicable only for PPF. OR CAN WE MAKE ANY OTHER. 80 C INVESTMENT
is it applicable only for PPF. OR CAN WE MAKE ANY OTHER. 80 C INVESTMENT
It is applicable to all tax saving schemes, PPF SSA NSC etc.
@ Mr Jeevan Vivekji., All of the deductions can be avail in Your ITR filing of FY 19-20.
If a person open new PPF a/c and deposits 60000 in may 2020 so can he claim deduction u/s 80c for f yr 19-20 ?
Yes...
if the investment is made on or before june 30 2020 then it is taken into consideration for FY 2019 2020
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