19 September 2007
if an assesse fails to declare its investment before filing returns to its employee, no what he hold he do? as we know that while filing new ITR form no document are attached to it, if he declare it in ITR then what is the proof that he has invested that much of amount
19 September 2007
Hi Aparna, If assesee declares u/s 80C that he has some investments without having the same, then currently there is no system of check about that. But through the database available with the department it's possible to findout wroglyness of the amount declared. Likewise LIC premium can be checked through the database of LIC etc.
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