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Thread: Sec 80C - Fixed Deposit Proof Submission?

  1. #1
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    Question Sec 80C - Fixed Deposit Proof Submission?

    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?



  2. #2
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    Quote Originally Posted by waves80 View Post
    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.


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