You may have to claim refund for FY2019-20 tax saving done after March 31

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  • Last Updated on 20 November, 2020

The extended deadline to complete tax-savings might result in excess deduction of tax from salary income.    – Economic Times

 

Naveen Wadhwa, DGM at Taxmann.com, said:

“By the reading of Ordinance dated March 31, 2020, it may be concluded that the government has extended the deadline of TDS return and Form-16 to June 30, 2020, from their earlier respective date of May 31, 2020, and June 15, 2020, respectively. Therefore, individuals will get their Form-16 by June 30, 2020, only. However, more clarity will come when the government issues the amendment notifications.”

Read full article at Economic Times: You may have to claim refund for FY2019-20 tax saving

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