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Schedule DI

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ARPIT VERMA

INDIVIDUAL

31 Points Posted on 28 November 2020

How to claim deduction of investment made during april2020-july2020 for a.y. 2020-21?

investment amount is correctly entered in schedule DI tab but e-filing portal is not considering it while calculating tax liablity

Replies (5)

Quick Summary

This discussion addresses an issue where investment amounts entered in Schedule DI for April-July 2020 are not being considered for AY 2020-21 tax liability calculations. The solution involves ensuring 'yes' is selected in the investment dropbox on the first page of the return and then filling Schedule DI. For the deduction to be applied, the amount also needs to be clubbed with existing investments under sections like 80C.

M BABU

205 Points Posted on 28 November 2020

First page of return, you have click dropbox yes for investment made from april 2020 july, then fill the schedule. DI, deduction will be considered automatically

ARPIT VERMA

INDIVIDUAL

31 Points Posted on 28 November 2020

Thanks M Babu for your prompt response. I have already selected yes in Dropbox and amount has been shown saparately in schedule DI but not clubbed in total deduction resulting in higher taxable income.