Proposed investment proofs for the month of Feb and March

[Chitra]

Hi,

1. Which investments declarations come under “proposed investment” proofs for the month of Feb and March period?
2. How it can be done?

[amiths]

Hi @Chitra,

Usually, companies collect the proof of investments during the month of Dec and Jan.
But if the payment due date for any policy falls after Jan, then an employee may not be able to show the proof for it.

In these cases, the employer asks for proof of last year investment and a declaration from the employee saying he will continue to invest for this year also.

You can refer to this link for the sample declaration form.

Yearend Proof of Investments for final tax computation

Hello Generally cut off dates for investment proof submission is by end of Feb or by 15th March latest. Can you please best practices to consider investments made or due after cut off date. Either it can be rejected & employees may claim in their personal tax return OR can be considered on declaration basis / or last year proofs (which will be a risk). Is there any specific declaration which can be shared here? Also whether donations to be considered by employer or to be claimed in personal …