Sec 80gg deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2012 Pls Advise:

Mr.A receives HRA from his employer and it is taken as fully taxable. He pays rent for the last 4 months of the FY.

Is he eligible for deduction under Sec 80GG ?? If so, how do we calculate the actual amount of deducton for the 4 month period ??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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30 January 2012
Section 80GG cannot be taken by the salaried assessee. even employer not considered House rent. employee can claim the same while filing the Income tax return if he paid the rent based on the proof of rent receipts. so claim in your Income tax return.

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