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Filling up 80gg column in itr4

Varadaraj.K (Proprietor) (38 Points)

25 July 2016

the actual rent I paid is Rs. 188,000. the permissible deduction is 24,000. Now in the first column should I enter 188,000 (the actual rent paid or 24,000. (the 2nd column automatically returns 24,000, the eligibility. tks in advance

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2 Replies

Dinesh Mertiya (PROFESSIONAL) (761 Points)
Replied 25 July 2016

is it about deduction under 80GG
or
Exemption under section 10 i.e. HRA

Varadaraj.K (Proprietor) (38 Points)
Replied 26 July 2016

thanks a lot Dinesh Mertiyaji...

it is about 80gg.

I am self employed and have not received any rental benefits like HRA,nor have taken any money from my business towards the same.

I (along with my wife and chilren) stay in a rented accomodation, for which I paid annual rental of 188K from my personal account. also my wife is filing her income tax, where she owns a commercial property, in the same city, which has been vacant for over two years now, earning no rental income. But as her ITR-2 form offers no option for VACANT property, She is required to declare that as self occupied property.

Now in the first column [Deductions under Chapter VI A(Section) in form ITR-4] should I enter 188,000 (the actual rent paid or 24,000. (the 2nd column automatically returns 24,000, the eligibility.

What are the implications for me and how do I fill/ file the forms.

and also where do I file 10ba declaration.

thanks in advance