Non submission of 12BB

[Pritam Medhi]

Is there any other way of submitting one's investment declaration later to the employer in case of non submission of 12BB on time?

[Padmanathan KV]

In my opinion, it can be submitted on a later date and TDS will be deducted at lesser rate after submission.

AI Summary

Form 12BB submission late can permit a corrected declaration and lower TDS after employer payroll adjustment. A belated declaration under Form 12BB can be submitted to the employer after the deadline; upon receipt the employer may adjust payroll so that TDS is deducted at a lower rate reflecting the declared investments.