If you are living in a property then you must be filing form 10BA but if you are new to it, do know you will need to file it. I recently started living in a 1 BHK house and that is when I learnt what is form 10BA and how to file Form 10BA of Income Tax. So let me help you understand its meaning and process of filing here.
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What is Form 10BA?Form 10BA is a statement that a taxpayer keeps to note a tax deduction for rent paid on a rental property as per Section 80GG. If you want to claim benefits under this section, you need to file the Form 10BA mandatorily.
How can Form 10BA be filed online?The process to file the Form 10BA is easy. There are just a few steps that you need to follow that are:
Visit the Income Tax Filing website or click on
https://ebizfiling.com/blog/e-filing-income-tax-return/
Login using your credentials
Click on e-file and then on Forms of Income Tax
Choose Form 10BA
Choose the relevant Assessment Year
Click on Prepare and then on Submit Online as the submission mode
Click on Continue
Provide accurate details like:landlord’s name, rent paid and others
Verify the details and then click on Submit and it's done
Also note to keep the rent agreement and PAN details of the owner ready before filing this form since you will need it.
This is the simplest answer to your query: how to file Form 10BA of Income Tax
Read More:How to change bank account in income tax return?
What is section 80 GG of Income Tax Act?
What is 80 GG rent paid?
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How to File Form 10BA?
Amrit
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2022-11-17T11:20:16+00:00 2022-11-24T11:17:14+00:00Comment
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