Update on Press Release dated 31 March 2020
The date for making various investment/payment for claiming deductionunder Chapter-VIA-B ofIT Act which
includes Section80C (LIC,PPF,NSCetc.),80D(Mediclaim) 80G(Donations), etc. has been extended to 30 June, 2020.
Hence the investment/payment can be made up to3 0.06.2020 for claiming the deduction under these sections
for FY2019-20
The FM in the recent press conference stated that all DEADLINES which falls due from 20 March 2020 till 29 June 2020 shall be 30 June
The literal interpretation of the same implies that time limit to make investment in saving related deduction like 80C and 80D, Investment in NPS, etc can be done will 30 June 2020 and still deduction can be claimed at the time of filing returns for FY 2019-20
However there is no specific clarification from Income Tax and only detail notification or clarification can help in interpretation
Know all Income Tax, TDS, GST, MCA etc Statutory and Regulatory Compliance relief as Highlight by FM in today’s press conference
Read more at https://facelesscompliance.com/3787
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