15 January 2011
While preparing for online filing, I entered actual rent paid 72000 but the system allowed only 24000 as exempted limit and balance rent paid was not deducted
I am a salaried employee where I receive HRA (as per the salary slip) 10000/- per month, but, Form 16 provided to me does not show the bifurcation of salary.
I request to get informed that in the above case, what shall be claimable rent exemption and how
15 January 2011
I think, you are trying to avail deduction u/s.80GG ( Which is available max Rs.2000 per month), As a Salaried employee you are eligble for HRA exemption, so only claim HRA exemption, Sec,80GG for only non salaried assessees
15 January 2011
1. But, would the difference in Income from salaries mentioned in form 16 and income from salaries in ITR 1 shall not raise any question
2. I have filed the wrong return since I claimed exemption for rent paid u/s 80GG and can I revise the return now (the same was filed during Oct 2010) but refund order not generated till date
3. Would I be needing some documentary proofs since, I have paid rent in cash to the land lord
15 January 2011
1 > It does not matter whether the figure in ITR is different from Form 16 so long the figure is justified.
2 > Yes.. you can revise the return without any problem.
3.> Better to have Rent receipt / rent agreement for your own future record, just in case the AO asks for these at the time of final assessment. BUT YOU ARE NOT REQUIRED TO SUBMIT ANYTHING RIGHT NOW ...
CAclubindia
