CBDT Vide notification no. 30/2016 dated 29-04-2016 has inserted a new Rule 26C in the Income Tax Rules, 1962 and notified Form 12BB for furnishing to the employer, the evidences and particulars of various deductions claimed by an employee for estimation of his income and determination of tax deducted at source from salary income under section 192 of the Income Tax Act, 1961.
The new requirement is applicable from 1st June, 2016
The employee assessee is required to furnish the following evidence or the particulars to the employer:
| Sl. No |
Nature of claims |
Evidence or particulars |
| (1) | (2) |
(3) |
| 1. | House Rent Allowance. | Name, address and permanent account number of the landlord/landlords where the aggregate rent paid during the previous year exceeds rupees one lakh. |
| 2. | Leave travel concession or assistance. | Evidence of expenditure. |
| 3. | Deduction of interest under the head “Income from house property” | Name, address and permanent account number of the lender. |
| 4. | Deduction under Chapter VI-A. | Evidence of investment or expenditure. |
CBDT has extended the due date for furnishing Return of Income for Assessment Year 2026-27 (FY 2025-26) in respect of…
Denying the accumulation of u/s 11(2) merely on grounds of a procedural delay in filing Form No. 10 is unsustainable…
Engagement of 05 Young Professionals CAs in the Office of Central Registrar of Cooperative Society on contractual basis The office…
Immunity u/s 270AA(2) in respect of a single transaction can not be denied to one assessee when the penalty was…
ITAT deleted addition u/s 69A towards jewellery found in search in view of Indian traditions, CBDT Instruction and High Court…
Documents obtained post search and information obtained from the public domain not incriminating material. Documents obtained by AO post search…
View Comments
i am unable to fill the column 3 against sl.no.4; it requires the password that isn't known to me; plz help.
You need to fill only cells e36, e37 and e-39 to e-43 cells.