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

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.





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