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IT department extends deadline for 2019-20 tax-saving investments till July 31

Shortpedia

Content Team
Image Credit: shortpedia

The deadline for tax saving investments/payments for the financial year 2019-20 has been extended till July 31 by the Income Tax department in an attempt to provide relief to taxpayers amid the ongoing Covid-19 crisis. The government had also allowed individuals to claim I-T exemption on conveyance allowance received from employers under the new lower tax regime. The Income Tax department shared the news on Twitter.