income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2011 Sir,

I want to know that whether an individual employed on contractual basis in an organisation, can claim rent expenditure u/s 30 for the building in which he is residing, or he will have to claim u/s 80GG for the purpose of computing the total income under the head business profession. Please advice.

Thanks & Regards
Pradeep

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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22 July 2011 If he is getting the House Rent Allowance then only he can claim the exemption u/s 10(13A) in which various limits are mentioned

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2011 Sorry to say that I am not convinced. As I said, the person is in contractual employment and he is showing his income under the head PGBP. Please advice me.

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