Venkatramana Shastry C (Student CA Final ) (90 Points)
28 July 2020Since the government has extended the deadline for Ch. VI A investment/deduction for F.Y 2019-20 upto 31 July 2020, Should a person who has incurred expenses between April to July 2020 MANDATORILY has to claim it for A.Y 2020-21? Or can that person claim such expenses in the F.Y 2020-21 i.e A.Y 2021-22?
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 28 July 2020
Venkatramana Shastry C
(Student CA Final )
(90 Points)
Replied 28 July 2020
| Originally posted by : Sagar Patel | ||
 |
It's not mandatory to claim that expenses as deduction in A.Y 2020-21 itself, you can at your options claim that period (April to July 2020) expenses as deduction in A.Y 2020-21 or A.Y 2021-22. |  |
But in all notified ITR's for A.Y 2020-21 clearly mention dates between 01/04/20 to 30/06/20(though last date is 31/07/20) to specify expenses. So, if one doesn't show actual amount spent within such period, how such person can claim those expenses during 2020-21?
CAclubindia
