The government has extended the last date for tax saving for FY2019-20 from March 31, 2020 to June 30, 2020.
it is applicable for
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.
or ELSS savings also fall under this???
please clear with comments
As per section 3(1) of the Taxation and Other Laws commencement. (Relaxation of Certain Provisions) Ordinance, 2020, the due date to make investments, deposits, etc under any provisions of Chapter VI-A Part-B is extended to June 30, 2020 for claiming a deduction for the FY 2019-20.
Part-B of Chapter VI-A includes section 80C and the deduction for investment in ELSS is governed by section 80C.
Hence, as per your query, you can invest in ELSS till June 30, 2020 for claiming deduction in FY 2019-20.
Read more at: https://www.taxcorner.co.in/2020/04/analysis-of-new-extended-due-dates-for-compliances-and-investments-under-taxation-and-other-laws-relaxation-of-certain-provisions-ordinance-2020.H T M L
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