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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- New GST registration for new place of business.
- Consolidated financials
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- Regarding Applicability of Tax Audit u/s 44AB
- FAST-DS Scheme - Foreign Assets
- Salary from Qatar in Dollars in India
- CHECK RELATED
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
Quick Links
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
