Settle by July 31, these 5 important tasks like investing and submitting Form 15G / 15H to get tax exemption

Due to the lockdown implemented in the country due to Corona, people are facing many problems. In view of this, the government changed the last dates of several financial operations. The last date for these operations was extended until 31 July. In such a situation, if you have not done these tasks till now, then you must definitely tackle them by July 31, otherwise, you may have problems. We are telling you about these works.

 

In order to get a tax exemption, the Income Tax Department had extended the last date of filing ITR from 31 July to 30 November for the investment fiscal 2019-20. At the same time, to save tax, the deadline for investing under Section 80C, 80D, 80E of income tax was extended till 31 July. If you have not invested anywhere yet for tax saving, do it as soon as possible.

 

Submit Form 15G / 15H, Form 15G / 15H is filled to avoid TDS deducted on income tax. Due to the coronavirus lockdown, the government has extended its date to 31 July 2020. Form 15G or Form 15H is a form with self-declaration. In this, you state that your income is outside the tax limit. Anyone who fills this form will be excluded from the tax limit. Get it deposited in your bank as soon as possible. Form 15G / 15H has to be filled by 31 July to avoid TDS deductions on income tax. Form 16 is required when filing an income tax return. Companies usually give this form by 15 May. But this time due to the lockdown, the government has asked to give it from 15 June to 31 July.

 

The government had given relief to the account holders of PPF and Sukanya Samriddhi Yojana (SSY). The government relaxed both account holders due to the lockdown. In which it was said that those who could not deposit the money should deposit it by 31 July. The government has also given permission to daughters who have completed 10 years of age to open an account under Sukanya Samriddhi Yojana during the lockdown. That is, daughters who have completed 10 years of age from 25 March to 30 June can also open an account under this scheme from 31 July.

 

Income tax returns for FY 2018-19 can be filed by 30 November. Also revised ITR can also be filed by 31 July. The last date to file them was 30 June. In this case, if you have not yet filed Revised ITR, then hurry up.