Payment proof is mandatory for claiming u /sec 80c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 December 2014 Dear All,

Please guide me what are the documents required for claiming Tax benefits u/sec.80C.

For e.g LIC receipt is in the name of Spouse and wife is claiming for tax rebate u/sec 80c. So as a proof LIC receipt is sufficient and declaration from spouse that he is not claiming for tax rebate will do or payment proof is also required ?

Amol S Joglekar

Amol S Joglekar (Expert)
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15 December 2014 LIC receipt itself is the PAYMENT PROOF. (Hope you are NOT confusing LIC Receipt with LIC demand letter)
The declaration as said by you would be additional security point....But as an EMPLOYER, try to take due care and NOT EXTRA care. At times, taking declaration as aforesaid may amount to EXTRA care.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 December 2014 Payment proof is not required. Declaration and LIC receipt is enough.

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Rupesh Jain

Rupesh Jain (Expert)
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15 December 2014 as the assesse you have fill only amount.
if you are employer then you have to collect the investment proof all the employee who claim the deduction u/s 80C