List of Income Tax Savings Documents Required To Submit For The FY 2021-2022

The Ministry of Defence under the Controller of Defence Accounts, Guwahati has released a list of Income Tax Savings Documents that must be submitted for the fiscal year 2021-2022. "For the purpose of assessment and regularization of Income Tax for the Financial Year 2021-22 (Assessment Year 2022-23) all the officers and staff are requested to submit the following documents" the Defence Ministry has said in an Official Memorandum (O.M) on dated 2nd November 2021.

As per Annexure I and IL, proof of savings/documents such as insurance premium receipts, NSC, Infrastructure Bond, PPF Bank Statement, Housing Loan Certificate from bank, rent receipt, copy of House Owner's Pan Card, etc. should be submitted.

According to the OM, any Officers and Staff claiming exemption of Income Tax under IT Act 1961 under section 197 who have not forwarded the Exemption Certificate for FY 2021-22 from Income Tax Department are advised to do so at the earliest; failing which Total Tax Payable will be deducted at source and tax refund if any should be claimed only from IT Department. The Defence Ministry has also clarified that "In this connection, it is also stated that exemption allowed will be limited to the amount of salary and period of exemption mentioned in the Income Tax Exemption Certificate as received from the Income Tax Department. Any amount exceeding the amount mentioned in the Certificate and any salary drawn prior or after the period mentioned will be liable for a tax deduction."

The Defence Ministry has said that "Those employees who had produced "Self Declaration" earlier, should also submit Proof of savings/documents along with Annexure I and Annexure-II failing which the "Self Declaration" submitted earlier shall be considered null and void and Tax Deduction at source shall be done accordingly."

Hence, taxpayers are recommended that the above documents (if relevant) duly completed in all regards should be submitted on or before December 15, 2021, in order for the ODO to authorize the income tax deduction at source for the present fiscal year. The Defence Ministry has further stated in its OM that "In absence of receipt of the aforementioned documents from the official, the Income Tax will be deducted based on the available information at this end and any refund, if admissible, may be claimed only from the Income Tax department."