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Deduction u/s 80gg

This query is : Resolved 

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Querist : Anonymous

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Querist : Anonymous (Querist)
Can I get the benefit of this section if I am staying under Lease option instead of monthly rental payment provided other conditions are fulfilled.

yes you can get benefit for lease amount u/s 80gg

yes rent by whatever name it called...

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Querist : Anonymous

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Querist : Anonymous (Querist)
Thanks. but can i know what amount I can show it as rent? whether notional interest receivable on total lease amount or ??

It can be taken normal rent receivable for the house. how ever maximum deduction restricted Rs.2500 per month

Agreed with the expert.



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