PLEASE ADVICE.. UNDER SEC 80GG ,ONE CAN CLAIM FOR HOUSE RENT PAID. I AM STAYING WITH MY PARENTS,MY FATHER IS THE OWNER,I DONT OWN A HOUSE OF MY OWN.I AM WORKING ON SHIP (6 MONTHS ON AND 6 MONTHS OFF) WHEN AM ONBOARD MY FAMILY RESIDES WITH MY PARENTS.
AS MONTHLY EXPENDITURE AM GIVING MY PARENTS 10000/- PER MONTH,CAN I CLAIM A PART OF THIS AS RENT PAID IN TAX DEDUCTION.THE MINIMUM STIPULATED IS 2000/- PER MONTH ,
Yes, you can claim part of the rent paid as deduction under sec80gg,, i.e. 2000 provided you have to fileform no.10BA along with the return of income.
What are requirements to claim above dection in 80GG
Rent agreement needed or not ?
rent paid throung bank entry are mandatory or not ?
Monthly or Yearly rent receipt required or not ? (if require then revenue stamp reqr ?)
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