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Donations in Form 16

1062 views 4 replies

Ganesh

Employed

38 Points Posted on 02 March 2009

I am Salaried employee.

I have made a few donations to a few Institutions which are exempt from Income Tax.

Should I submit copies of my donation receipts to my employer to have these included in my Form-16 as part of my Chapter VI A deductions?

Or should I get a Form16 from my employer without these and then include them in my returns?

Appreciate your clarification.

Thanks

Replies (4)

BALASUBRAMANYA B N

CCI STUDENT....

44687 Points Posted on 02 March 2009

HELLO

ITS BETTER TO SUBMIT TO EMPLOYER SO THAT IT CAN REDUCE YOUR TAX DEDUCT IF YOU SUBMIT LATER THEN GETTING REFUND FROM INCOME TAX DEPT WILL BE LATE..SO SUBMIT THE COPIES TO EMPLOYER SO THAT YOU CAN GET EXEMPTION AND GET REDUCE TAX......

hari2009

Executive

224 Points Posted on 03 March 2009

Originally posted by :Balasubramanya
		"

hi,

as per my knowledge we should not take donation part in salary as per corporate laws

SAMIR VARIA

DY. MANAGER - FINANCE & ACCOUNTS

26 Points Posted on 12 April 2011

As per act, Employer can not show donation in form 16 & Deduct tax accordingly. however employee can show it separately at the time of filing the return & claim refund of excess deduction, if any.