Hi, What will a company do with the Investment proof documents and the HRA documents submitted by the employee? Will the company submit those documents to the Income tax department?
From Taiwan, Taipei
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From Taiwan, Taipei
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Verification of Employee Investment Documents
There are clear instructions from the CBDT for companies to verify the accuracy of investments made by employees. Companies are responsible for ensuring the correct deduction of income tax. The documents/proofs submitted to the companies will be retained by them.
From India, Lucknow
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616There are clear instructions from the CBDT for companies to verify the accuracy of investments made by employees. Companies are responsible for ensuring the correct deduction of income tax. The documents/proofs submitted to the companies will be retained by them.
From India, Lucknow
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
Income Tax Calculator.xls