Hi
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
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......
| Originally posted by :Balasubramanya | ||
| " | ||
hi,
as per my knowledge we should not take donation part in salary as per corporate laws
agree with Mr. Samir and Hari, let see other view!
CAclubindia
