80GG House Rent deduction with Form 10BA of Income tax Act | CA Mohit Kelotra
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➡️ Timecodes
0:00 - Intro
00:56 - S. 80GG Deduction
02:50 - Conditions of not taking 80GG deduction
03:47 - Form 10BA filling online on portal
05:46 - 80GG Allowed if rent paid to parents?
06:26 - Conclusion
➡️ Video Description
In this video, I will explore the deduction of house rent under Section 80GG of the Income Tax Act, 1961. We will discuss the criteria to be eligible for the deduction under Section 80GG, and we will also go through the process of filling Form 10BA before claiming the deduction. Additionally, we will cover the topic of house rent paid to parents.
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➡️Disclaimer:
The information presented in this video is provided for educational purposes only and should not be relied upon as a substitute for a comprehensive case-based evaluation. It is crucial to seek advice from a qualified professional, such as a Chartered Accountant (CA), before making any decisions based on the content discussed in this video. The creators and presenters of this video shall not be held responsible for any consequences or actions taken by viewers without obtaining appropriate professional guidance. Viewers are encouraged to exercise their own judgment and discretion when applying the information presented in this video to their specific circumstances.
➡️ About Myself--
I am Mohit Kelotra, a Chartered Accountant by profession. Through this channel, I aim to contribute my financial knowledge to help people become aware of Finances, Taxation, Markets etc..
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8. Section 80GG
9. Form 10BA
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12 Deductions in Respect of Rent Paid
13. Rent Paid
