Tax return
This query is : Resolved
26 March 2019
M a salary earner...don't file 12bb wid my employer...for ay 2019.-20 n paying rent of rs 96000 pa...I want to claim deduction in respect of this...can I get it .if I claim in my itar
Plz...do reply...ty
Plz...do reply...ty
27 March 2019
Dear Dhanashri,
In case you don't receive HRA, you can claim deduction of rentals paid under sec 80GG of income tax act after fulfilling the following conditions :
#You are self-employed or salaried
#You have not received HRA at any time during the year for which you are claiming 80GG
#You or your spouse or your minor child or HUF of which you are a member – do not own any residential accommodation at the place where you currently reside, perform duties of the office, or employment or carry on business or profession.
# In case you own any residential property at any place, for which your Income from house Property is calculated under applicable sections (as a self-occupied property), no deduction under section 80GG is allowed.
You will be required to file Form 10BA with details of payment of rent.
Deduction –the lowest of these will be considered as the deduction under this section-
(a) Rs 5,000 per month
(b) 25% of the total Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).
(c) Actual Rent less 10% of Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).
In case you don't receive HRA, you can claim deduction of rentals paid under sec 80GG of income tax act after fulfilling the following conditions :
#You are self-employed or salaried
#You have not received HRA at any time during the year for which you are claiming 80GG
#You or your spouse or your minor child or HUF of which you are a member – do not own any residential accommodation at the place where you currently reside, perform duties of the office, or employment or carry on business or profession.
# In case you own any residential property at any place, for which your Income from house Property is calculated under applicable sections (as a self-occupied property), no deduction under section 80GG is allowed.
You will be required to file Form 10BA with details of payment of rent.
Deduction –the lowest of these will be considered as the deduction under this section-
(a) Rs 5,000 per month
(b) 25% of the total Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).
(c) Actual Rent less 10% of Income (income to exclude long-term capital gain, short-term capital gain under section 111A and Income under section 115A or 115D and deductions 80C to 80U. Also, income is before making a deduction under section 80GG).
28 March 2019
Ty..mam...bt how do I upload form 10ba
Plz..guide
Plz..guide
28 March 2019
FORM 10BA is Declaration u/s 80GG. in case you want to claim deduction u/s 80GG than you have to mandatory file Form 10BA to declare rent which you are paying for residing in house.
28 March 2019
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.
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.
28 March 2019
Website is www.incometaxindiaefiling.gov.in
Hope your query is resolved.
Hope your query is resolved.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- NR GST NUMBER
- Applicability
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- Application of 115BAC
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Form - 26BQ
- Companies Act FA Excel
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
