I-T division expands cutoff time for 2019-20 assessment sparing speculations to July 31

I-T division expands cutoff time for 2019-20 assessment sparing speculations to July 31 

In an offer to give help to citizens in the midst of the continuous COVID-19 emergency, the Income Tax (I-T) office broadened the cutoff time for charge sparing ventures/installments for the money related year 2019-20 up to July 31.

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

The expansion of the cutoff time is for making different ventures for asserting findings under the Income Tax Act, that incorporates area 80C (for life coverage (LIC), open opportune store (PPF), national investment funds testament (NSC) value connected sparing plan (ELSS, etc), 80D (for clinical protection), 80G (for gifts) for 2019-20.

The administration a week ago had expanded the cutoff time for documenting of the annual government forms for FY 2018-19 by a month to July 31, 2020, and the cutoff time for connecting Aadhaar with PAN additionally was reached out to March 31, 2021.

Alongside this, the Central Board of Direct Taxes (CBDT) had additionally expanded the due date for the documenting of the personal assessment form for 2019-20 to November 30, 2020.