As the IT dept. extended the date of investment till 31 july 2020 for AY 2020-21.
My query is that-
can i avail partly exemption in both the AYs ie. 2020-21 and 2021-22
if the investment done in july 2020?
for example- if i invested 150000 in PPF on 1 july 2020.
and avail exemption of Rs 30000 in AY 20-21 and Rs 120000 in AY 21-22.
Can that be done?
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Section 80C deduction
Replies (5)
Quick Summary
Yes you can
Yes, for the investments made after 31.03.20 but for AY 2020-21 there is a separate requirement of disclosure by which I.T department extend benefit of rest of investment in next AY.
Thanks both of you....can you tell me where to disclose it in the itr. Is there any specific form notified for it?
A separate schedule is given in the ITR Form.
ITR1 80 DI
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