Tax saving investment

Save Share

This query is : Resolved

Aravind (Querist)

18 February 2011 Hi,

I have given proof for my tax saving investments amounting to Rs 20000. My employer would accordingly deduct tax.

Now i wish to invest further Rs 50000 (given the limit of Rs 1 lakh). Is it just sufficient to give the total investments while filing returns and get tax refund? or should i send the proof also to IT department?

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)

18 February 2011 Now no documents is required to attach with the Return. You have to just mention in the Return that yoy have invested.

Calulate Tax liability accordingly and claim refund in the Return

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

18 February 2011 Being annexure less return no proof need to be attached with return of income. But if called upon on notice, you have to furnish proof of the investment before the tax authorities.

Guest

Guest (Expert)

18 February 2011 Returns are paperless now.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now