The government had imposed a nationwide lockdown in March due to the coronavirus pandemic outbreak across India. As a result of this lockdown that began in March, days before the close of the financial year, several taxpayers had been denied the opportunity to make tax saving investment for financial year 2019-20 (FY20). The government had hence extended the due date up to June 30, 2020, and has recently given a further extension until July 31, 2020 for making tax saving investments pertaining to FY20. This move has given taxpayers more time to invest and save tax.
Taking the above example