Conditions for Claiming Tax benefit u/s 80GG for Rent Paid
can guarantee charge conclusion on lease paid u/s 80GG at the season of
recording government form just if the following conditions are
No one in the family including companion, minor kids, self or HUF he is
individual from should possess a house in the city you are utilized or
conveying your business.
If you claim a house in the various city, you can’t indicate it as
self-involved. You need to consider it as regarded to let out – for
example – you need to indicate rental pay whether it’s really put on the
you have to fill structure no 10BA to guarantee tax cut u/s 80GG. This
structure isn’t to be submitted anyplace yet kept with you for records
to show to I-T office if there should be an occurrence of examination.
that Amit has a yearly salary of Rs 5 Lakhs and he pays the lease of Rs
10,000 every month. Here is his tax cut for lease paid.
The expense derivation would be least of over 3 numbers = Rs 60,000