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Investment in ppf account
will you please clear the situation that investment in ppf account for financial year 2020-21count from 1 April 2020 to 31 March21 or 1 july 2020 to 31 march 21,as investment date is extended by the government for financial year 2019-20 upto 30 June 2020 .
Replies (5)
Quick Summary
The date for making various investment/payment for claiming deduction under Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations), etc. has been extended to 30 June 2020. Hence the investment/payment can be made up to 30 June 2020 for claiming the deduction under these sections for FY 2019-20
Sir , Although date for making investment is extended but it is useful for those who are unable to make investment till 31st march 2020. If you made investment after 31st march 2020 then you can cliam it either in FY2019-20 OR 2020-21 as per your choice.
feel free to connect with me if any further clarification needed.
@ Mr Sanjeev Gupta.,
The FY 20-21 count from 1st Apr-20 to 31st Mar-21. No more changes in the FY periods...
The FY 19-20 related investments can be deposit up-to 30th Jun-2020 also we can claim deposits in FY 19-20 which is paid on or before 30th Jun-2020...
In case You want to pay investments after 1st Apr-2020 and You will be claim in FY 20-21 then You can... It's your choice...
The FY 20-21 count from 1st Apr-20 to 31st Mar-21. No more changes in the FY periods...
The FY 19-20 related investments can be deposit up-to 30th Jun-2020 also we can claim deposits in FY 19-20 which is paid on or before 30th Jun-2020...
In case You want to pay investments after 1st Apr-2020 and You will be claim in FY 20-21 then You can... It's your choice...
Thanks to all of you.
U can claim it in any fy but only one time and not to claim both fy...
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