{"id":21368,"date":"2020-12-09T12:18:48","date_gmt":"2020-12-09T06:48:48","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=21368"},"modified":"2024-06-18T10:42:27","modified_gmt":"2024-06-18T05:12:27","slug":"filing-of-form-10ba-of-income-tax","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/filing-of-form-10ba-of-income-tax\/","title":{"rendered":"An Overview on Filing of Form 10BA of Income Tax"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Form 10BA is a statement as recorded by the taxpayer who needs to maintain tax deduction under <strong>Section 80GG<\/strong> for rent settled on rental property. To claim deduction under Section 80GG the following two requirements must be performed:<\/p>\n\n\n\n<ul>\n<li>The taxpayer must not be getting (HRA) House Rent Allowance from an\norganisation,<\/li>\n\n\n\n<li>A taxpayer, his\/her husband or wife, minor children, or if the assessee\nis the part of HUF (Hindu Undivided Family), then the HUF must not hold any\nself-occupied living accommodation. <\/li>\n<\/ul>\n\n\n\n<p>If both the requirements complete the needs, then a taxpayer can present the statement in Form 10BA. A taxpayer must present the Form 10BA before <a href=\"https:\/\/corpbiz.io\/income-tax-return-filing\"><strong>filing Income tax return<\/strong><\/a>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/filing-of-form-10ba-of-income-tax\/#Section_80GG_Deduction_for_the_Rent\" >Section 80GG: Deduction\nfor the Rent<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/filing-of-form-10ba-of-income-tax\/#ITR_Form_Applicable_for_the_Section_80GG\" >ITR Form Applicable for\nthe Section 80GG<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/filing-of-form-10ba-of-income-tax\/#How_to_file_Form_10BA\" >How to file Form 10BA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/filing-of-form-10ba-of-income-tax\/#What_are_Details_Required_in_Form_10BA\" >What are Details Required\nin Form 10BA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/filing-of-form-10ba-of-income-tax\/#Declaration_is_Filed_by_an_Assessee_Claiming_Deduction_under_Section_80GG\" >Declaration is Filed by\nan Assessee Claiming Deduction under Section 80GG<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/filing-of-form-10ba-of-income-tax\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Section_80GG_Deduction_for_the_Rent\"><\/span>Section 80GG: Deduction\nfor the Rent<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Section\n80GG provides the deduction for rent given for furnished or unfurnished\nconvenience. A deduction grants to taxpayers who do not get any HRA from their\norganisation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What are the Conditions\nto Sustain the Deduction for Rent given under Section 80GG of Income Tax Act?<\/h3>\n\n\n\n<ul>\n<li>Only the self-governing person can claim a deduction under Section 80GG.<\/li>\n\n\n\n<li>A person can be self-employed or salaried. <\/li>\n\n\n\n<li>In state of a salaried person, he should not be getting House Rent\nAllowance (HRA) from an organisation.<\/li>\n\n\n\n<li>For maintaining a result, Form 10BA must present with the IT Department.<\/li>\n\n\n\n<li>Assessee or spouse or minor children or HUF of which he is a member must\nnot have any living comfort at the place where he is living\/working office\nservices under-employment\/offering business or service <\/li>\n\n\n\n<li>The assessee must not have a self-occupied home property at any position\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">What is Deduction\nPurpose under Section 80GG?<\/h3>\n\n\n\n<p>For FY 2019-20 (AY 2020-21), the deduction under section 80 GG will be the least of the following:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/What-is-Deduction-Purpose-under-Section-80GG.png\" alt=\"Deduction Purpose under Section 80GG\" class=\"wp-image-21369\" width=\"405\" height=\"405\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/What-is-Deduction-Purpose-under-Section-80GG.png 1000w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/What-is-Deduction-Purpose-under-Section-80GG-150x150.png 150w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/What-is-Deduction-Purpose-under-Section-80GG-300x300.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/What-is-Deduction-Purpose-under-Section-80GG-768x768.png 768w\" sizes=\"(max-width: 405px) 100vw, 405px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ITR_Form_Applicable_for_the_Section_80GG\"><\/span>ITR Form Applicable for\nthe Section 80GG<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\ntaxpayer must declare deductions under section 80GG while recording ITR by\nfull-filling the conditions. Individuals and HUFs can claim 80GG in any of ITR Forms,\nwhich is ITR 1, ITR 2, ITR 3, and ITR 4 depending upon their revenue experts.\nAn expected date for filing ITR is 31st July of next financial year if the tax\naudit is not suitable. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_file_Form_10BA\"><\/span>How to file Form 10BA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Go to Income Tax e-Filing Portal from the Income Tax e-filing portal\nwhich appears &#8220;Login Here&#8221;.<\/li>\n\n\n\n<li>Navigate to e-file and click drop-down button. Select Income Tax Forms<\/li>\n\n\n\n<li>Select the Form No. 10BA from the drop-down, select a relevant\nAssessment Year. Select the Submission Mode as Prepare and Submit Online and\nthen click to Continue.<\/li>\n\n\n\n<li>Enter all details like Name of Landlord, Details of Rent Paid etc.\nPreview form and then submit it.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_Details_Required_in_Form_10BA\"><\/span>What are Details Required\nin Form 10BA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Following details\nare required:<\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Taxpayer&#8217;s Name and PAN<\/li>\n\n\n\n<li>Address of a rental property<\/li>\n\n\n\n<li>Rent paid<\/li>\n\n\n\n<li>Name and Address of Landlord<\/li>\n<\/ul>\n\n\n\n<p>It is advisable to submit the Form 10BA before filing income tax return and claiming deduction under section 80GG.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Eligibility under\nSection 80GG <\/h3>\n\n\n\n<ul>\n<li>The section 80GG allows taxpayers to claim a deduction for rent paid for\nunfurnished or furnished accommodation occupied by a taxpayer for own\nresidence. A claim under section can only be made in cases where House Rent\nallowance (HRA) is not the part of taxpayer&#8217;s salary.<\/li>\n\n\n\n<li>To get eligible to claim deduction under the section, a taxpayer must<\/li>\n<\/ul>\n\n\n\n<ol>\n<li>Be self employed or salaried<\/li>\n\n\n\n<li>Have not received the HRA at any time during FY which claim is made<\/li>\n\n\n\n<li>Taxpayer does not own residential accommodation at the place where he\/she currently reside, perform duties, or employment or carry on business or profession<\/li>\n<\/ol>\n\n\n\n<ul>\n<li>No deduction under Section 80GG will be allowed in the case of taxpayer\nown any residential property at any place, for which his\/her income from house\nproperty is calculated under applicable sections (as a self-occupied property) <\/li>\n\n\n\n<li>To claim benefit under section 80GG taxpayers need to file Form 10BA\nwith details of payment of rent. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Declaration_is_Filed_by_an_Assessee_Claiming_Deduction_under_Section_80GG\"><\/span>Declaration is Filed by\nan Assessee Claiming Deduction under Section 80GG<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>I\/We\n(Name of assessee with Permanent Account Number or Aadhaar Number) do hereby\ncertify that during previous year I\/we had occupied the premise (full address\nof premise) for a purpose of our own residence for a period of months and have paid\nRs. __ in cash, crossed cheque, bank draft towards the payment of rent to Ms\/ M\/s\n(Name &amp; complete address of landlord). It is further certified that not any\nother residential accommodation is owned by<\/p>\n\n\n\n<ul>\n<li>me or my spouse\/my minor child\/family (in case an assessee is HUF), at where I\/we ordinarily resides\/perform duties of office or employment or carry on business or profession, or<\/li>\n\n\n\n<li>me\/us at other place, being accommodation in my occupation, the value of which is to be determined under section 23(2)(a)(i) or under section 23(2)(b).<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Usually HRA forms part of the salary and one can claim deduction for HRA. If you do not receive HRA from your employer and make payments towards rent for any unfurnished or furnished accommodation occupied by you for your own residence, one can claim deduction under section 80GG towards rent that you pay by simply filing Form 10 BA.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/cbdt-provides-itr-filing-compliance-check-for-scheduled-commercial-banks\/\">\nCBDT Provides ITR Filing Compliance Check for Scheduled Commercial Banks\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Form 10BA is a statement as recorded by the taxpayer who needs to maintain tax deduction under Section 80GG for rent settled on rental property. To claim deduction under Section 80GG the following two requirements must be performed: If both the requirements complete the needs, then a taxpayer can present the statement in Form 10BA. [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":21372,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[1296],"acf":{"service_id":"78"},"authorName":"Soumya Bajpai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/01\/0.jpg","authorDescription":"Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.","postViews":26142,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/21368"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=21368"}],"version-history":[{"count":22,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/21368\/revisions"}],"predecessor-version":[{"id":64818,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/21368\/revisions\/64818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/21372"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=21368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=21368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=21368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}