Section 80EEA - Deduction for Interest Paid on Home Loan for Affordable Housing
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Section 80GG of income tax act allows the individuals to claim a deduction form their taxable income in respect of house rent paid by them. #HRA #80GG #Exemption #Deduction #TaxBenefits #ITR #selfemployed #pankajmathpal | Pankaj Mathpal
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Section 80GG of income tax act allows the individuals to claim a d…
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Smart tax move? Pay rent to your parents! Section 80GG of the Income Tax Act allows you to claim a deduction of up to Rs 60,000 if you pay rent to your parents and live with them. Here's how it works: Rental Agreement: Sign a formal rental agreement with your parents. No HRA: Ensure you're not already claiming House Rent Allowance (HRA) benefits. Form 10BA: File this form to declare that you don't own property in the same city and aren't receiving HRA. This strategy can potentially save you up t
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Smart tax move? Pay rent to your parents! Section 80GG of the Inco…
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Form 10BA is now Form 31 (Income Tax Act 2025) #efiling #incometaxreturnfiling ‪@iiptofficial‬
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