20 September 2021
As per section 80GG w.r.t. Rule 11B, the assessee has to file Declaration under Form 10BA. There you have to declare total amount of rent paid by Cash/Cheque.
20 September 2021
As such there is no limit specified, because the maximum deduction P.M. is only Rs. 5,000/- subject to the following conditions.
Quantum of deduction shall be the least of the following: a. Actual Rent paid minus 10 percent the adjusted total income. b. 5,000/- per month. c. 25% of Adjusted Total Income.
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