Lets take a look at these Exemptions Deductions that you can claim even though you are past the deadline of tax proof submission of your employer.
Can i submit tax proof after the deadline. We develop postpandemic strategies such as disappearing financially. Employers ask employees to submit proof of investments made over the year so as to adjust tax deducted at source TDS. An ITR can be opened for assessment even up to seven financial years from the end of the year in which it is filed.
If there is a good reason for filing late be sure to attach an explanation to the return. This automatically protects you from failure-to-file penalties for six months after the deadline. Since theres no reimbursement deadline you can choose to reimburse yourself years later.
Income Tax Return 2019. Those who miss this deadline will find that more tax is deducted at source TDS from their March salaries. LTA Medical Reimbursement can be claimed only by submitting relevant proofs to your employer.
Can I submit my language proof after the deadline. But beware that an extension to file does not give you more time to pay. Besides Aman this may be the story of thousands of employees who may have missed submitting their tax proof deadlines.
Somehow you not only missed the April 15th tax filing deadline you also missed the October 15th tax extension deadline. For example if you filed your extension before the April 15th income tax deadline you then have until October 15th to file. If you have opted for new tax regime you are not requried to submit any tax saving proofs to the employer.
When planning a test date for eventual language tests please keep in mind that test centers can get quite busy and do. You need not submit these documents while filing your income tax returns. So you should always file and maintain these physical records for 7 years.