80GG - Purchase New House in Feb-10
This query is : Resolved
06 November 2010
Dear Sir
I purchased a new house in Feb-10. Can I claim 80GG for period Apr-09 to Jan-10. How to calculate this for 10 months.
Thanks
Arun Mahajan
I purchased a new house in Feb-10. Can I claim 80GG for period Apr-09 to Jan-10. How to calculate this for 10 months.
Thanks
Arun Mahajan
09 November 2010
The deduction will not be more than Rs 20000/- i.e maximum is Rs 2000/ per month.
Other conditions are also there.
It is advised that you should not claim it.
80GG is available only if
1. you produce Rent Receipt and a
declaration in Form 10BA.
2. HRA has not been received by u from your employer.
3. There is no other self occupied house in your name.
4. Your Spouse, children, HUF should not own any house at your service place.
Other conditions are also there.
It is advised that you should not claim it.
80GG is available only if
1. you produce Rent Receipt and a
declaration in Form 10BA.
2. HRA has not been received by u from your employer.
3. There is no other self occupied house in your name.
4. Your Spouse, children, HUF should not own any house at your service place.
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