Tax return
This query is : Resolved
dhanashri jadhav
(Querist)
26 March 2019
M a salary earner...don't file 12bb wid my employer...for ay 2019.-20 n paying rent of rs 96000 pa...I want to claim deduction in respect of this...can I get it .if I claim in my itar
Plz...do reply...ty
Plz...do reply...ty
CA Shruti Kute
(Expert)
27 March 2019
Dear Dhanashri,
In case you don't receive HRA, you can claim deduction of rentals paid under sec 80GG of income tax act after fulfilling the following conditions :
#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 the 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 the 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 a deduction under section 80GG).
(c) Actual Rent less 10% of 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 a deduction under section 80GG).
In case you don't receive HRA, you can claim deduction of rentals paid under sec 80GG of income tax act after fulfilling the following conditions :
#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 the 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 the 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 a deduction under section 80GG).
(c) Actual Rent less 10% of 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 a deduction under section 80GG).
dhanashri jadhav
(Querist)
28 March 2019
Ty..mam...bt how do I upload form 10ba
Plz..guide
Plz..guide
CA Shruti Kute
(Expert)
28 March 2019
FORM 10BA is Declaration u/s 80GG. in case you want to claim deduction u/s 80GG than you have to mandatory file Form 10BA to declare rent which you are paying for residing in house.
CA Shruti Kute
(Expert)
28 March 2019
Log in to e-filing account on IT Department webiste.
Navigate to e-file > Prepare and Submit Online Form (Other than ITR)
Select FORM NO. 10BA from the drop down and select the relevant Assessment Year.
Enter the details, preview and submit.
Navigate to e-file > Prepare and Submit Online Form (Other than ITR)
Select FORM NO. 10BA from the drop down and select the relevant Assessment Year.
Enter the details, preview and submit.
CA Shruti Kute
(Expert)
28 March 2019
Website is www.incometaxindiaefiling.gov.in
Hope your query is resolved.
Hope your query is resolved.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
