Self-employed individuals cannot claim House Rent Allowance (HRA) since they do not receive a salary, and HRA is typically claimed by salaried individuals. However, they may still be eligible for tax benefits on rent paid through Section 80GG of the Income Tax Act. This section allows for a deduction on rent paid for accommodation used for residential purposes, subject to certain conditions.
Keeping proper documentation of rent receipts and consulting a tax advisor can help maximize eligible tax benefits.
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