PM Care donations in March n April 2020

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16 Points Posted on 26 October 2020
I have donated in PM Care fund on 31st March, 2 April and one day salary in April 2020 ..benefit of excemption in IT will get in F.Y 2019-20 or 20-21 ...I heared somewhere that donations made upto 30 June will get benefit of excemption in IT of F.Y.2019-20 itself
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On 26 October 2020 at 18:59 Report
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This discussion clarifies the financial year for claiming IT exemptions on PM Cares donations made in March and April 2020. Contributions made up to June 30, 2020, can be claimed as deductions for the Financial Year 2019-20. The e-filing portal will prompt you to include these investments, allowing you to avail the deductions directly. While employers might handle salary deductions for FY 2020-21, you can claim your personal contributions for the relevant financial year.

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Accountant
3662 Points Posted on 26 October 2020
Yes, you are right

you can claim all deduction in F.Y. 2019-20 i
2 Reply
On 26 October 2020 at 20:46
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285 Points Posted on 26 October 2020
While you are e filing your return itself , the portal will ask for 80 c investment made in april to june 2020 , hence you can definitely avail those deductions
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On 26 October 2020 at 21:17
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16 Points Posted on 26 October 2020
Some one suggest that deduction from salary will be taken care of by employer in f.y 20-21 so I should claim only what I donated from my account in 19-20
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On 26 October 2020 at 21:18
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accountant
888 Points Posted on 26 October 2020
Yes you are right
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On 26 October 2020 at 23:39
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article
115 Points Posted on 27 October 2020

Yeah, claim it, as you have done noble job the govt. give you credit. 

 

 

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On 27 October 2020 at 07:18
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16 Points Posted on 27 October 2020
Some one suggest that deduction from salary of April 20 towards pm care fundwill be taken care of by employer in f.y 20-21 so I should claim only what I donated from my account in 19-20..is it correct ..
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On 27 October 2020 at 09:53
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285 Points Posted on 27 October 2020
Not necessary. you can claim in ay 20 21 itself
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On 27 October 2020 at 10:02

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