12 June 2017
Dear Sir, An Assessee who pays rent and claim deduction u/s. 80GG, whether he is required to file Form 10BA for claiming deduction u/s. 80GG.
12 June 2017
If you do not receive HRA from your employer, and make payments towards rent for any furnished or unfurnished accommodation occupied by you for your own residence, you can claim deduction under section 80GG towards rent that you pay.Here are a few conditions that must be fulfilled – You are self employed or salaried You have not received HRA at any time during the year for which you are claiming 80GG You or your spouse or your minor child or HUF of which you are a member – do not own any residential accommodation at the place where you currently reside, perform duties of office, or employment or carry on business or profession. In case you own any residential property at any place, for which your Income from house Property is calculated under applicable sections (as a self occupied property), no deduction under section 80GG is allowed. You will be required to file Form 10BA with details of payment of rent.
Deduction –the lowest of these will be considered as the deduction under this section-
(a) Rs 5,000 per month
(b) 25% of total Income (income to exclude long term capital gain, short term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also income is before making deduction under section 80GG).
13 June 2017
Dear Sir, Thanks for your reply, but one query is that he is filing ITR 1 online and you told he should file form 10BA but in E-Filing Portal I am not getting any Form 10BA. Please suggest from where can I get online Form 10BA.
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