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ITR-V attachments

vyomesh (ase) (25 Points)

11 July 2011

Hi, I am salaraid employee in private company and my all investment details under section 80C are not reflected in form 16. Now, while feeling online ITR-1 form shall I declare all the investment under 80C or only those mentioned in form 16? Also, Do I need to send the zerox proof of all investments made in last financial year with ITR-V while sending it to Banglore? Or what are the steps I need to follow to declare those investments which are not present in form 16? Please respond...

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7 Replies

kanagaraj (CHARTERED ACCOUNTANT) (793 Points)
Replied 11 July 2011

Hi,

you can show all your investments in the Form I itself. you need not send any proof with ITR V. In case of hearing you must show all the proof you had. At present just decalre the same in your return it's enough.

1 Like

vyomesh (ase) (25 Points)
Replied 12 July 2011

Thanks for the quick response. But one more doubt came to my mind that if I do not attach any proof then how come Income Tax Department will come to know that whether I have provided correct investment details while e-filing return? How the Department will verify the declaration? Because this details are not appearing in Form 16 also. Will they ask about submitting the proof at later part? As I am doing this for 1st time,I am not very clear about this process. Can you please throw some light?

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 12 July 2011

Incometax department belives that ITR filed by assessee is correct, and in case of any doubt/ clarification they ask the assessee to submit copies to the respective representive office ( normally ITO of your ward), who would verify the documents and intimate to CPC regarding admissibility.

out of 1000, hardly 5 cases are verified to reduce the hardship of taxpayers.

1 Like

kanagaraj (CHARTERED ACCOUNTANT) (793 Points)
Replied 12 July 2011

Mr Sharma is correct

KSSN RAJU (Dy.Managaer) (55 Points)
Replied 14 July 2011

I have received sahaj form with set of instructions pages and work sheets.

Is it required to file all the sheets(Including work sheets and insturctions) or only page 1 and 2 and form V ? I am already having form 16.

KSSN RAJU

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 14 July 2011

Originally posted by : KSSN RAJU
	I have received sahaj form with set of instructions pages and work sheets. Is it required to file all the sheets(Including work sheets and insturctions) or only page 1 and 2 and form V ? I am already having form 16. KSSN RAJU

only form and worksheet will be submitted, keep form 16 with you for further reference ( if needed)

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 14 July 2011

Originally posted by : U S Sharma
	Incometax department belives that ITR filed by assessee is correct, and in case of any doubt/ clarification they ask the assessee to submit copies to the respective representive office ( normally ITO of your ward), who would verify the documents and intimate to CPC regarding admissibility. out of 1000, hardly 5 cases are verified to reduce the hardship of taxpayers.

AGREED.