{"id":3701,"date":"2020-11-26T20:17:41","date_gmt":"2020-11-26T14:47:41","guid":{"rendered":"https:\/\/www.finsafe.in\/financial-wellness\/?page_id=3701"},"modified":"2022-11-18T13:50:01","modified_gmt":"2022-11-18T08:20:01","slug":"nov-2020-monthly-updates","status":"publish","type":"page","link":"https:\/\/www.finsafe.in\/financial-wellness\/nov-2020-monthly-updates\/","title":{"rendered":"monthly updates"},"content":{"rendered":"\t\t
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9) In November 2020, the last date of ITR filing for FY 2019-20 has been further extended from 30th Nov 2020 to 31st Dec 2020. As travel due to Covid is difficult, the LTC exemption scheme was announced whereby one could claim exemption on purchase of goods and services that attract more than 12% GST. <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Particulars<\/td>\nOld<\/td>\nNew<\/td>\n<\/tr>\n
Income Tax Filing Deadline<\/td>\n\n
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  • Last date for filing Income Tax returns for FY 2019-20 was Nov 30<\/li>\n<\/ul>\n<\/td>\n
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  • Last date for filing Income Tax returns for FY 2019-20 has been extended to 31<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Leave Travel Allowance exemption benefits<\/td>\n\n
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  • LTA exemption benefits available twice in a block of 4 calendar years for amount spent on travel within India.<\/li>\n<\/ul>\n<\/td>\n
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  • As travelling on vacation is difficult due to Covid, Government has introduced LTC voucher scheme.<\/li>\n \t
  • Amount spent on buying goods and services that attract GST of over 12 percent made before March 31, 2021, can be claimed under this scheme.<\/li>\n \t
  • Payment to be made through digital mode and bills to be furnished to claim the tax benefit.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n