Tuesday, 29 January 2019

DDOs To Satisfy Themselves of the Genuineness of Claims

DDOs To Satisfy Themselves of the Genuineness of Claims

ddos-to-satisfy-themselves-of-genuineness-of-claims

DDOS TO OBTAIN EVIDENCE/PROOF OF CLAIMS:

For the purpose of estimating income of the assesse or computing tax deductions, section 192(2D) provides that person responsible for paying (DDOs) shall obtain from the assessee evidence or proof or particular of claims such as House rent Allowance (where aggregate annual rent exceeds one lakh rupees); Deduction of interest under the head "Income from house property" and deduction under Chapter VI-A as per the prescribed form 12BB laid down by Rule 26C of the Rules.
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