1. #1
    Unregistered

    What does “Investment Declaration” mean in company? Why we have to do that?

    This is the first year in my company and my colleagues who are experienced asked me do the “Investment Declaration” which I have no idea what it is. So can you tell what does it mean? Why we have to do that? What all I should take care of when doing the Investment Decalaration?

  2. #2
    what google cant find Array
    Join Date
    Aug 2012
    Posts
    5

    Re: What does “Investment Declaration” mean in company? Why we have to do that?

    hi,
    investment declaration is usually filled at the end of the financial year.It is for your benefit,if you don't fill this form your company will deduct tax from you r salary and if you want to get it back you have to file a return file for getting it back.
    the form for this is out for every financial year without any charge u can easily get from your colleagues.

  3. #3
    Sha Array
    Join Date
    Jul 2012
    Posts
    59

    Re: What does “Investment Declaration” mean in company? Why we have to do that?

    Investment Declaration


    At the start of the financial year you have to provide details about your proposed investment for that year by filling a form known as "Investment Declaration Form" which will be provided by your employer.

    If you did not fill the form initially then you can do it in the subsequent months.

    You need to update to your employer about any changes in your investment plan.

    Based on this, employer will deduct right amount of tax from your gross salary.

    Around January you should submit documentary proof of having actually invested in the financial plans that you mentioned earlier in the form.

    Thank You.

  4. #4
    abbebo Array
    Join Date
    Aug 2012
    Posts
    454

    Re: What does “Investment Declaration” mean in company? Why we have to do that?

    Hi.Investment Declaration is a kind of a statement of your assets and liabilities, your properties-movable and immovable-, movable properties above rs 5000.

    You have to do this according to the various acts which makes it mandatory to perform.

    You should take care that what you are declaring is true and legitimate. It is mainly done to differentiate white from black money

    Best of luck. Thanks

  5. #5
    Arjun Array
    Join Date
    Jul 2012
    Location
    turaaa
    Posts
    1,729

    Re: What does “Investment Declaration” mean in company? Why we have to do that?

    Dear, asker investment declaration means the details of about your gross salary which are submitted at the end of the year i,e financial year to the respective company. For the purpose of calculation of tax,you don't need to give the detail of your Pf as the employer will keep this in his own interest.For the above procedure you have to fill up a simple form called "investment declaration form".

+ Reply to Thread

Similar Threads

  1. Writing synopsis on investment appraisal?
    By Unregistered in forum Professional Discussions
    Replies: 2
    Last Post: 31-08-2012, 12:00 AM