Govt Extends I-T Deadlines Due To Coronavirus Impact

We are all facing a major problem not only our country or state but also The Whole World faces problems. The Whole world are going through Lock down due to Corona virus.

So at that time, we can’t follow our daily activity routine regularly. The month of March is very important because of Financial Month. THE last IT return date for the Financial year 2018-2019(AY 2019-2020) was March 31. Due to the corona virus, the impact our government had on March 24 extended the last date of filing I-T returns for FY 2018-19 (AY 2019-20) to June 30, 2020, from March 31.

The government has extended the date to June 30 from March 31 to make investments or payments to claim deductions under Sections 80C, 80D. Now the questions is which cover in 80C and 80D sections.

The Department of Revenue said the extensions would apply to Sections 80C (LIC, PPF, NSC etc.), 80D (Mediclaim), 80G (Donations) of the Income Tax (IT) Act, for the fiscal year 2019-20.

It also said that investment/ construction/ purchase to claim benefits/deductions with respect to capital gains can be made till June 30.

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