It is said that this Financial Year will be 15 months due to situation created due to corona virus. So do you think to take 15 months salary while preparing the income tax calculation?
Which date will be depositing TDS?
Please clarify in details.
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 26 March 2020
@ Mr PRITI BHAISWAR.,
NO MORE changes in period of FY 19-20. it's as usual 12 months from Apr-19 to Mar-20...
The FY 19-20 is ended on 31st March 20.
NO MORE changes in period of FY 19-20. it's as usual 12 months from Apr-19 to Mar-20...
The FY 19-20 is ended on 31st March 20.
PRITI BHAISWAR
(Others)
(50 Points)
Replied 26 March 2020
Thanks both of you sir for making my concept clear...
Ankit chaturvedi
(CA in Practice)
(241 Points)
Replied 26 March 2020
The Financial Year FY 2019-20 is Close as usual on 31 March 2020. but You can Make Investment under Section 80C till June 2020 for taking Exemption u/s 80c
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 26 March 2020
There is no such extension for FY 2019-20, the FY will remain as April 2019 to March 2020 i.e., of 12 months.
The FM extended the last date to file the ITR for FY 2018-19 to 30.06.2020 from 31.03.2020
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