TDS on Salary tax saving declaration
This query is : Resolved
Quick Summary
26 June 2022
Dear Sir,
I had an employee with 1500000/- per Annum in which 50% HRA included. He pay Rent of rs 45000/- Pm .He joined us on 01-07-2021 and resigns on 28-10-2021. in his tax saving declarations he claimed deductions U/S 80C Rs 150000/- but no proofs provided as he leaved earlier and we collect investment proofs last cut off date 15-02-2022. so we show salary in form 16B whether to consider 80C deductions and HRA Exemptions or not??
Please provide asap
Thanks in advance
I had an employee with 1500000/- per Annum in which 50% HRA included. He pay Rent of rs 45000/- Pm .He joined us on 01-07-2021 and resigns on 28-10-2021. in his tax saving declarations he claimed deductions U/S 80C Rs 150000/- but no proofs provided as he leaved earlier and we collect investment proofs last cut off date 15-02-2022. so we show salary in form 16B whether to consider 80C deductions and HRA Exemptions or not??
Please provide asap
Thanks in advance
CA R SEETHARAMAN
(Expert)
26 June 2022
Consider HRA exemption and not allow 80c as proof not produced.
26 June 2022
Thanks sir
One query he didnt submit House rent receipts can we give HRA Exemption
One query he didnt submit House rent receipts can we give HRA Exemption
CA R SEETHARAMAN
(Expert)
26 June 2022
Then don't claim HRA exemption.
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