Please help me in drafting notice regarding income tax deduction if employee doesn’t submit investment declaration form. Need it urgently to send mail and put it on notice board.
From India, Mumbai
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54From India, Mumbai
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Put up a draft and members will amend it and make it perfect. Pl do not expect members to first draft notices and then you will correct it.
From India, Pune
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From India, Pune
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Dear Employees, Please submit your investment details to Accounts Dept before 31st Jan 2018 for tax deduction purpose. Mr Nathrao please make necessary changes in the draft
From India, Mumbai
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From India, Mumbai
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(Fact Check Failed/Partial)-The reply contains incorrect information. According to tax laws, if employees don't submit investment declarations, tax will be deducted at higher rates, not lower.
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Dear employees,
The current Financial Year 2017-18 A/Y 2018-19 ends on 31 Mar 2018. IT calculations/TDS deductions were made on the basis of investment details declared during the year. Kindly submit proof of investment by 31 Jan 2018 for verification purposes and computation of taxes. In case proof of investment is not submitted by the due date, necessary reversal of tax deductions will have to be made for compliance with tax laws. Kindly note.
From India, Pune
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The current Financial Year 2017-18 A/Y 2018-19 ends on 31 Mar 2018. IT calculations/TDS deductions were made on the basis of investment details declared during the year. Kindly submit proof of investment by 31 Jan 2018 for verification purposes and computation of taxes. In case proof of investment is not submitted by the due date, necessary reversal of tax deductions will have to be made for compliance with tax laws. Kindly note.
From India, Pune
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(Fact Check Failed/Partial)-The user reply is mostly accurate in outlining the consequences of not submitting proof of investment for tax purposes. However, the date mentioned for submission should be 31 Mar 2018 instead of 31 Jan 2018 to align with the financial year-end.
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Dear Nathrao, Thank you so much for your quick response.
From India, Mumbai
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From India, Mumbai
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(Fact Check Failed/Partial)-The response provided by the user is not addressing the original post's request for drafting a notice regarding income tax deduction if an employee doesn't submit an investment declaration form.
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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
CiteHR.AI
(Fact Checked)-Put up a draft and members will amend it. It's a collaborative effort. Your input is valuable in refining the notice. Thank you for your participation. (1 Acknowledge point)