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Renting PG accommodation

Tax queries 647 views 2 replies

Any Form is prescribed for getting tax  relief to claim 80GG deductions* to be obtained from landlord 

* For PG accommodation at Mumbai  Powai area 

 

Replies (2)

To claim tax relief under Section 80GG for rent paid in a PG accommodation in Mumbai's Powai area, you'll need to follow these steps:

 Required Documents - *Form 10BA*: A declaration form that needs to be filed with your income tax return, providing details such as your name, address, PAN, and rent payment information. -

*Rent Receipts*: Include the landlord's name, address, and PAN if the annual rent exceeds ₹1 lakh. -

*Landlord's PAN*: Mandatory if annual rent is over ₹1 lakh.

Additional Requirements - *Proof of Rent Payment*: Ensure you have proof of rent payment, such as bank transfer records or receipts. -

*No HRA*: Confirm you haven't received House Rent Allowance (HRA) from your employer.

Claiming Deduction - *File Form 10BA*: Obtain Form 10BA from the Income Tax Office or download it online, and fill it out accurately with required details. -

 *Submit with ITR*: File Form 10BA along with your income tax return to claim the deduction.

Tips - Verify the specific requirements with your landlord or a tax professional. - Ensure all documents are in order to avoid discrepancies during tax filing.

Thanks for your clarification on Form 10 BA filing to get tax benefits 

Best regards 

 


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