Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

80C investment due date

Yash Morakhia (107 Points)

25 March 2020

Is the due for investment u/s 80C and 80D extended for FY19-20 to 30th June 2020?

Reply
Follow
Share

3 Replies

CA Akshay Poriya (job in industry) (329 Points)
Replied 25 March 2020

As per FM says, the due date of filling income tax return extend to 30/6/2020, for the f.y. 2018/19, here, it is not clarify, that investment u/s80c due date, extension to 30/6/2020, for f.y. 2019/20 so, as per my opinion investment made for f.y 2019/20, are allowed till 31/3/2020, after that invest are not consider for deduction.

Upgrade to CAclubindia Pro. Subscribe Now!

(Guest)

As per the several relief measures announced the govt. has extended the date for investment in saving instruments up to 30th June. Despite all this, there is confusion on certain terms.
So if possible, it is better invest up to 31st March to avoid future difficulty

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 26 March 2020

Yes.... I agreed to above said replies.

@ Mr Yash Morakhia.,

If You have any possibility then pay on or before 31st March. It's better to future compliance.

Also we are waiting for official notifications...