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waves80
10-12-2010, 07:43 PM
I was working in a IT company from April'2010 to December'2010. As part of IT declaration in July'10 - I have declared Fixed Deposit under Section 80C.
Before submitting the proofs (Submit in January'2011), I have resigned from the company and left on December 31st 2010. I joined company B in the Month of February 2011.
My queries are -
1. To which company should I submit 80C FD proof?
2. Before what date should i submit 80C FD proof?
3. If I fail to submit the declared 80C proof - what are the consequences?
4. Will I get normal salary from company B for the month of February and March 2011?

PolicyWala
11-12-2010, 06:35 PM
I was working in a IT company from April'2010 to December'2010. As part of IT declaration in July'10 - I have declared Fixed Deposit under Section 80C.
Before submitting the proofs (Submit in January'2011), I have resigned from the company and left on December 31st 2010. I joined company B in the Month of February 2011.
My queries are -
1. To which company should I submit 80C FD proof?
First Company.

2. Before what date should I submit 80C FD proof?
Before leaving the First Company.


3. If I fail to submit the declared 80C proof - what are the consequences?
The company with deduct the tax.


4. Will I get normal salary from company B for the month of February and March 2011?
You will receive salary after TDS for not submitting 80C.