I have invested in Health Insurance and PPF, hence I'm eligible to claim deductions under 80D and 80C.
But I didn't mention them when my employer asked me for the investments I'm gonna do, and hence they are not mentioned in the Form 16 also.
Can I mention both of them under deductions while filing a return even if they are not mentioned in form 16?
Answer: Tushant July 29, 2022 Answer:
When the employee fails to submit the investment proofs, employer has no choice but to dedcut TDS and accordingly furnish the details to Income tax department.
But you can still get a refund from Income tax department, if you have made the investments before 31st March this year and you declare it filing ITR.
1) Deduction under Section 80C: If you have made any share of PF Contribution or paid for children's tuition fees or made any payments for any deduction under section 80C, you can claim all these at the filing of your ITR.
2) Preventive health check-ups (80D) : In case you have a bill for preventive health checkup and you somehow missed to intimate this to your employer, you can still get Rs. 5,000 as a deduction under Section 80D.
3) Medical Insurance Premium (80D) : Even if you missed intimating your employer about your medical inusrance premium, you can still claim the same while filing your return.
4) House Rent Allowance (HRA) : Forgot to submit your rent receipts to your employer, not to worry, as you can still claim deduction of HRA at the time of filing of return.
LTA : It may be important to note that exemption on LTA cannot be claimed while filing return, and the same can be claimed only via your employer.
You need not submit these proofs to Income Tax Department at the time of filing of return. However, it is recommended to keep these documents safely since proceeding under the Income-tax Act, 1961 can be initiated upto Six Years.
