Should the employer verify proofs of savings before allowing deductions u/s 80C? Will he be made responsible for any wrong information or the assesse? Is it needed that all the proofs are to be submitted along with the ITR-1?
chanakya (Teacher) (182 Points)
21 January 2010Should the employer verify proofs of savings before allowing deductions u/s 80C? Will he be made responsible for any wrong information or the assesse? Is it needed that all the proofs are to be submitted along with the ITR-1?
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 21 January 2010
no proof is to be submitted along with the ITR
but Employer will be responsible for all deduction that he allows while deducting the TDS
sunil
Darshak
(Student)
(68 Points)
Replied 21 January 2010
Dear Chanakya,
There is no neeed to submit documentory proofs of deduction claimed under section 80C along with income tax return.
As the employer bound to deduct TDS after all deduction, it is advisable to keep the photocopy of the documents with him.
C.Balaji
(Learner)
(1867 Points)
Replied 21 January 2010
Mr.Chanakya
No need to submit documents for ded. along with income tax return....
But the Employer should verify all documents before allowing deductions....
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 21 January 2010
Everyone is correct. For deduction employer need to keep the proofs with himself as he is responsible. For that he can keep the photocopies of the documents.
Nothing is need to be submitted with ITR
CA Rahul Khatter
(Chartered accountant)
(97 Points)
Replied 21 January 2010
employer should check out all the document before furnishing the return for satisfying himself/herself....
but no proofs gng to b attached wid the return....
Varun.T.K
(CA Final, CS Executive)
(365 Points)
Replied 21 January 2010
No proof required unless the same is required by income tax authorities in case of scrutiny.
manish
(Article Assitant)
(358 Points)
Replied 21 January 2010
According to the new format of Income tax return, there is no need for the supporting document with the Return, Supporting document include tds certificate, challan, all deduction detail etc.
assessee are the only responsible for all the wrong information posted by the assessee in the return.
sudhir rawal
(B.COM/PCC/ARTICLE/'O'LEVEL)
(314 Points)
Replied 22 January 2010
no proof is required for submitting with itr return but
when we need any deduction then in income tax act we should have proof in our hand
but it's for our side security that we can submit the proof as supporting with itr but it does not required under income tax act
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