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.
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.
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