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I-T department extends deadline for 2019-20 tax saving investments to July 31

In a tweet, the Income Tax (I-T) department said that "Tax Saving Investments/Payments for FY 2019-20 can be made upto 31st July, 2020."

By: Express Web Desk | New Delhi | Updated: July 2, 2020 11:17:34 am
I-T refuses 100% tax rebate on donations to Haryana Corona Relief Fund Central Board of Direct Taxes (CBDT) had also extended the due date for the filing of the income tax return for 2019-20 to November 30, 2020. (File)

In a bid to provide relief to taxpayers amid the ongoing COVID-19 crisis, the Income Tax (I-T) department extended the deadline for tax saving investments/payments for the financial year 2019-20 up to July 31.

In a tweet on Thursday, the I-T department said that “Tax Saving Investments/Payments for FY 2019-20 can be made upto 31st July, 2020.”

The extension of the deadline is for making various investments for claiming deductions under the Income Tax Act, that includes section 80C (for life insurance (LIC), public provident fund (PPF), national savings certificate (NSC) equity-linked saving scheme (ELSS) and so on), 80D (for medical insurance), 80G (for donations) for 2019-20.

The government last week had extended the deadline for filing of the income tax returns for FY 2018-19 by a month to July 31, 2020, and the deadline for linking Aadhaar with PAN also was extended to March 31, 2021.

Along with this, the Central Board of Direct Taxes (CBDT) had also extended the due date for the filing of the income tax return for 2019-20 to November 30, 2020.

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