I opened a SCSS for Rs 1.5 lakhs on Jan1 2020 & used it for 80c deduction for AY2020-21 tax filing ( filed return on Dec 19,2020and got 143(1) mail on Jan9th 2021 as processed "No tax due" )
Since I have no other 80c investments, I plan to invest another Rs 1.5 lakhs in SCSS for the tax year FY2020-21.
(Total income around Rs 6.5 lakhs from fd interest. Rs 50,000 discount for senior citizen from interest income + 1.5 lakhs in 80c makes the taxable income just below Rs 5 lakhs like last year.
Iam planning to make the 2nd SCSS with the same bank around March 29th-31st.,2021.
Any idea Govt will extend 80c investment dates for the tax year FY20-2021?(AY2021-22) (like they gave 3 months extra last year? .
CAclubindia
