80GG includes what?
This query is : Resolved
29 January 2010
What does section 80GG include?
What is Adjusted Net Income?
Thank You.
What is Adjusted Net Income?
Thank You.
29 January 2010
80GG is for deduction for rent
if a person resides in a rented home and he never get HRA in current F.Y. and he his spouse or child have no house at that place where he is working then he can claim least of belwo:
1 2000 p.m.
2 25% of total income
3 excess of rent paid over 10% of total income
Total income is calculated after excluding LTCG, STCG u/s 111A and deduction after 80C to 80U
if a person resides in a rented home and he never get HRA in current F.Y. and he his spouse or child have no house at that place where he is working then he can claim least of belwo:
1 2000 p.m.
2 25% of total income
3 excess of rent paid over 10% of total income
Total income is calculated after excluding LTCG, STCG u/s 111A and deduction after 80C to 80U
29 January 2010
agree
13 February 2010
o wow!!! thanks a lot
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Specified Profession
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
