SECTION 80GG

Deduction U/s 80GG will allowed.

Form 10BA is a declaration to be filed by a taxpayer who wants to claim deduction under section 80GG for rent paid on rental property. In order to claim deduction u/s 80GG following two conditions should be satisfied:

1. ​The taxpayer should not be receiving HRA (House Rent Allowance) from employer.
2. ​The taxpayer, his spouse, minor child or if assessee is a member of HUF, then the HUF should not own any slef occupied residential accommodation.

If both the above conditions are satisfied, then taxpayer can submit a declaration in Form 10BA.

Steps:

Assessee has to submit Form 10BA online from his/her e-filing account on IT Department website. Here are the steps to file Form-10BA

• 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

Amount of rent paid should be fillied in form 10 BA.