ATTENTION: ERRING TAXPAYERS

There is a great deal of disarray in the brains of the citizen's overdue dates and deductions. Following points explain a portion of the issues: 

1) FY 2019-20 is *not at all extended* till 30th June. Just the date for a portion of the compliance is expanded. 

2) Belated returns or re-examined returns for FY 2018-19 can be documented until 30th June. 

3) In FY 2019-20, salary is assessable till 31st March just and not up to 30th June, for example for taxability of salary, the financial year is considered till 31st March as it were. 

4) Deductions under 80C, 80D, and so on can be asserted by contributing till 30th June. 

5) New LIC, medi-claim, PPF, NPS, and so on approaches taken till 30th June will be qualified for finding for the FY 2019-20. 

6) Payment of Premium of old approaches of LIC, medi-claim, PPF, NPS, and so on due up to 31st March can be asserted as a conclusion regardless of whether paid till 30th June. 

7) Housing loan advance is qualified for conclusion on accumulation premise, so intrigue collected till 31st March will be qualified for the finding in FY 2019-20. 

8) Housing credit portions due up to 31st March can be guaranteed as a conclusion regardless of whether paid late till 30th June.

Author:

eStartIndia Team