Tax saving investment
This query is : Resolved
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?
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?
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
Calulate Tax liability accordingly and claim refund in the Return
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Specified Profession
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
