Government is in discussion for removal of tax benefit on HRA & savngs.If it done. what will be the alternative.
You could still claim deduction under Section 80GG; where you can state that you are residing at a property where you are a tenant and are paying rent to the landlord. This is via a declaration and is submitted at the time of filing your return.This can be done provided you do not own another house/flat in the same city.
Personally I do not think the HRA part will be removed. EET regime though is definetly going to come. further queries,e-mail:shashj97@yahoo.... |