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Regarding income tax return

Surjit Kaur (Accountant) (24 Points)

18 July 2012

Dear Experts,

I have professional income from 01.04.2011 to 31.12.2011 and salary income from 01.01.12 to 31.3.2012. TDS deducted by employer in section 194J. i want to know that what types of deduction can claim in income tax return. I am paying 6500 house rent. can i claim HRA & other Expense? plz respond to my mail id asap as i have to filed the income tax return.

surjit2669 @ gmail.com

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Ruchi Gupta (CA) (52 Points)
Replied 18 July 2012

HRA CAN BE CLAIMED ONLY IF IT IS GIVEN BY EMPLOYER OTHERWISE YOU CAN CLAIM DEDUCTION FOR RENT PAID AS UNDER:

Deduction under section 80GG for house rent paid:Deduction u/s 80GG is available if following condition are satisfied

Deduction is available to Individual Assessee only.
He has not received HRA(house rent allownace ) from his employer if he is a salaried person otherwise he should be self employed.
He has paid house rent for his own residence.
He or his spouse or his minor child or HUF(of which he has a member) should not have a residential house where he ordinarily resides or performs duties of his office or employment or carries on his business or profession;
He should not have a house owned by him, which is under his occupation and value of that is not being taken as nil under section 23(2)(a) or 23(4).
A declaration on Form 10BA should be submitted .

so if conditions are satisfied then he can claim deduction u/s 80GG for house rent paid

Amount of deduction:Least of the following is deductible u/s 80GG