Income tax
This query is : Resolved
11 October 2013
hi,
want to know the difference between HRA and 80GG
Thanks
want to know the difference between HRA and 80GG
Thanks
11 October 2013
HRA is available to a salaried individual.
80GG can be claimed by any individual who is NOT in receipt of HRA.
80GG can be claimed by any individual who is NOT in receipt of HRA.
11 October 2013
Agree with Expert,
In case you are in receipt of House Rent Allowance (HRA) from your employer, you may avail exemption from the same while filing your ITR.
In case you are not in receipt of HRA and you are paying rent, then you may claim tax deduction under section 80GG of IT Act, 1961 subject to certain deductions.
In case you are in receipt of House Rent Allowance (HRA) from your employer, you may avail exemption from the same while filing your ITR.
In case you are not in receipt of HRA and you are paying rent, then you may claim tax deduction under section 80GG of IT Act, 1961 subject to certain deductions.
12 October 2013
Agreed with above expert
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