2020 pandemic Coronavirus

Tax-saving investments for FY2019-20 allowed till July 31

Reading now: 672
www.livemint.com

taxpayers have time till July 31 to complete their tax-saving exercise for FY2019-20. The earlier deadline was June 30, 2020.

In the wake of coronavirus outbreak in the country, the Central Board of Direct Taxes today extended time limit for making various investments and claiming deductions.The investments qualifying for tax deduction include deposits in mutual fund ELSS, PPF, NSC, LIC premium, SSY, NPS subscription, health insurance payments and others."The date for making various investment/ payment for claiming deduction under Chapter-VIA-B of the IT Act which includes section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations) etc.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA