I-T Department Extends Deadline For Tax Savings Investments

In a bid to provide relief to taxpayers amid the ongoing COVID-19 crisis, the Income Tax (I-T) department has extended the deadline for tax saving investments/payments for financial year 2019-20 up to July 31. The Central Board of Direct Taxes (CBDT) has extended the time limit for making investments to claim income tax deduction by a month till July 31, 2020. It also eased the last date for furnishing and issuing TDS (tax deducted a...