80GG

News

ICAI reacts to Budget 2016


ICAI Reaction Union Budget 2016 17 I Small Taxpayers Reducing income tax burden by Rs 3 000 for small tax payers by increasing rebate under section 87A Increasing deduction for rent payment under section 80GG to Rs 60 000 Introducing presumptive taxation scheme for professionals with gross receipts

Deduction allowable increased in respect of rents paid under Section 80GG


Rationalization of limit of deduction allowable in respect of rents paid under Section 80GG The existing provisions of Section 80GG provide for a deduction of any expenditure incurred by an individual in excess of ten per cent of his total income towards payment of rent in respect of any furnished o

More News



Experts Opinions

Hra and 80gg


if assessee received HRA as per form 16 show but form 16 HRA exemption not provided now ITR filling can assessee claim HRA 2nd question is can such assessee claim 80GG if he not want to claim HRA

Deduction u/sec. 80gg


Dear Sir An Assessee who pays rent and claim deduction u s 80GG whether he is required to file Form 10BA for claiming deduction u s 80GG Thanks Abhishek

Deduction u/s. 80gg


Dear Sir An Assessee who pays rent and claim deduction u s 80GG whether he is required to file Form 10BA for claiming deduction u s 80GG Thanks Abhishek

80gg deduction


Dear All Since this is the deduction available for individuals who are not in receipt of house rent allowance want to know whether any proof of Rent Paid is strictly required or not for claiming deduction under 80GG

HRA U/s 10 (13A) vs 80GG


Hi from april to june i was working in MNC at Banagalore geting salary with HRA compoment Hence eligible for deduction u s 10 13A from july to till date i am working in an organisation getting a lumpsum salary of Rs 30000 PM without any bifurcation hence eligible for 80GG Can i claim both the deduct

Discussion

Deduction u/s 80gg

A Sr citizen 62 income from pension bank post office interest Rs 7 71 116 and relief in 80C 80TTA 1 50 000 10 000 He pays 69 000 as house rent How much amount he can claim in 80GG

Ex-govt. employee deduction u/s 80gg

Ex Government employee 63 years receiving pension paidhouse rent Rs 72000 f y 16 17 eligible for deduction u s 80GG

80gg

Daughter takes tuition in fathers house She is married and doesnt own a house She can claim 80GG if rent is paid to the father Right

Eligibility for 80GG

If I have only income from other sources do I am eligible for deduction u s 80GG Rent

Employee- hra recd.20000 -80gg ? exemption

An employee received rs 20000 towards HRA Can he claim 5000 U s 80GG or limit to 20000 only Compare these two points logically so that in turn I can WELL explain it to the officials who want to claim 60000

More Messages






File Download


More Files

Articles

Most Ignored Section 80GG - Deductions in Respect of Rents


Section 80GG is a little ignored Section of the Income Tax Act 1961 This section provides deductions to those individuals who dont get any benefit of the amount paid towards rented accommodation by any other means of provisions of this Act If the assessee is residing in a rented accommodation he can


More Articles

Related Terms :


Updated on : 6/25/2017 5:35:10 AM


CCI online Coaching

greythr

KPMG


Talentedge


myITreturn


CCI Jobs

×
close x
Download GST App    |    x