Quick Summary
The introduction of Form 31 under the Income-tax Act, 2025 has brought clarity for taxpayers seeking deduction on house rent payments where HRA is not received. The form corresponds to old Form 10BA under the Income-tax Rules, 1962 and is now aligned with the updated provisions of the Income-tax Act
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FAQ :
Form 31 is a mandatory declaration required for taxpayers claiming a deduction on rent paid for residential accommodation under Section 134 of the Income Tax Act, 2025, especially when House Rent Allowance (HRA) is not received.
Resident individuals who pay rent for accommodation, do not receive HRA, do not own residential property at their place of work or residence, and wish to claim deduction under Section 134 must file Form 31.
The maximum deduction allowed under Section 134 using Form 31 is £60,000 per annum.
Form 31 must be filed along with your Income Tax Return (ITR), so its due date is the same as the applicable income tax return filing deadline.
Form 31 confirms that the taxpayer is eligible for the rent deduction, is not claiming HRA benefits, and satisfies the conditions regarding property ownership.
Form 31 replaces the old Form 10BA, aligning with the updated provisions of the Income Tax Act, 2025.
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