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 from an employer AND,
- The taxpayer, his spouse, minor child or if the assessee is a member of HUF, then the HUF should not own any self-occupied residential accommodation.
If both the above conditions are satisfied, then the taxpayer can submit a declaration in Form 10BA. A taxpayer should submit Form 10BA before filing ITR to avoid any sort of notice/inquiries.
This article will help you where and how to find Form 10BA to claim deduction u/s 80GG.
How you can claim deduction u/s80GG on Quicko:
- Navigate to tax breaks
- Scroll down and click on section 80GG
- Enter the rent amount (can claim up to 60,000)