SECTION 80GG

Page no : 2

Krishna Chaudhary (Accountant) (4531 Points)
Replied 07 December 2017

Deduction U/s 80GG will allowed.

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Satish Kumar (185 Points)
Replied 07 December 2017

sir u r ryt...but with section 80 GG.. form 10BA declaration have to be filled... in that form what amount should be entered... total amount paid to landlord or 10% amount of adjusted total income entered under section 80GG

Krishna Chaudhary (Accountant) (4531 Points)
Replied 07 December 2017

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:

The taxpayer should not be receiving HRA (House Rent Allowance) from employer.
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