Income TaxUpdates

Investments in Tax-saving Schemes for FY 2019-20 allowed till June 30, 2020


The Government on March 24, 2020 announced that taxpayers have time to complete their tax-saving exercise for FY2019-20,  until June 30, 2020 to. this means that individuals can complete their tax-saving exercise for financial year 2019-20 by June 30, 2020. Earlier deadline was March 31, 2020.

This extension will provide relief to especially senior citizens/ individuals who are not comfortable using online facilities to transact and have yet to complete their tax-savings for FY 2019-20. The tax saving investments in ELSS, PPF and NSC etc. Now shall be allowed to be made till June 30, 2020.

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