proof of Deduction u/s 80c

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RAJU MAGAM (Querist)
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20 April 2010 while giving exemption to employee u/s 80c it is statutory for employer to verify the proof (fees paid to education institute for children)or declaration from employee is sufficient.

chetan soni

chetan soni (Expert)
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20 April 2010 No there should be clear proof of the all investments claimed as deduction u/s 80C.

All this proofs should be verified by the employer. To deduct the tds u/s 192, employer needs to satisfy himself for allowing the deductions.

CA Kapil B Gupta

CA Kapil B Gupta (Expert)
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20 April 2010 No need to statutory verify the proof but employer should get declaration form from employees duly signed by them in a proper manner.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 April 2010 AGREE DECLARATION FROM EMPLOYEE IN FORM 12B IS SUFFICIENT.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 April 2010 Form 12 B is needed in a situation wherein the employee had more than on employer in a previous year. Regarding the query the answer lies in clause 5.4(21) of CBDT Circular No.1/2010 dated 11/01/2010 which is reproduced below.

(21) The Drawing and Disbursing Officers should satisfy themselves about the actual deposits/subscriptions/payments made by the employees, by calling for such particulars/information as they deem necessary before allowing the aforesaid deductions. In case the DDO is not satisfied about the genuineness of the employee’s claim regarding any deposit/subscription/payment made by the employee, he should not allow the same, and the employee would be free to claim the deduction/rebate on such amount by filing his return of income and furnishing the necessary proof etc., therewith, to the satisfaction of the Assessing Officer.

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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20 April 2010 agree with Mr. Chackrapani

chetan soni

chetan soni (Expert)
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24 April 2010 I agree with Mr. Chackrapani . My first reply is says so but in simple words........:)

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proof of Deduction u/s 80c

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