Income Tax Form 3 3 Reasons Why People Like Income Tax Form 3
The Central Lath of Direct Taxes (CBDT) on Friday antiseptic that an agent authoritative a donation to the PM-CARES armamentarium through the employer can affirmation assets tax answer beneath Area 80G on the base of Form 16 issued by the employer. Form 16 is a affidavit issued by administration to advisers annual the tax deducted at sources (TDS).
The lath said administration would acknowledgment the donation bulk adjoin advisers in their corresponding Form 16. The TDS affidavit would be advised as a absolute affirmation of donation and tax answer beneath the accordant area would be accustomed to these employees.
The description came as the employees, in abounding cases, accept donated a allocation of their salaries the the armamentarium through their employers. ?However, in all such cases, area absolute donation is fabricated by employees, the circumscribed donation cancellation is issued in name of the employer, as it goes into the armamentarium through the employer’s account,? Shailesh Kumar, administrator at Nangia Andersen Consulting, said.
Income Tax Form 3 3 Reasons Why People Like Income Tax Form 3 – income tax form 16
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