LIVE GST Audit Course by CA Sachin Jain. Register Now!!

80 GG deduction

Arka Bose (None) (313 Points)

07 March 2010

Suppose i have to stay in a house for Rs 300 pm in one house during day time and in another house at the rent of Rs 500 pm during night time,so am i eligible for deduction of both these rent u/s 80 GG? Also suppose in a case where i have paid a rent of rs 800 pm for 2 years and now by a court order i have to pay Rs 200 extra with retrospective effect can i claim that extra amount that I am paying for all these years?

Reply
Follow
Share

4 Replies

(Guest)

essential conditions for claiming deductio under this section:-

1) the individual should pay rent for his residential accomodation, whether furnished or unfurnished.

2) the individual is either a self-employed person or of he is an employee

3) The individual does not own any residential accomodation at the place where such an assesse ordinarily resides or at the place where he works or carries on his business or profession.

however the assesse must file a declaration on form no 10BA alongwith return of income to claim deduction u/s80GG.

Arka Bose (None) (313 Points)
Replied 07 March 2010

anurag my question is entirely different...i know about that what u have been telling but my question is totally different

charudatta (auditor) (191 Points)
Replied 07 March 2010

If u read the definition of Sec 80 GG , the wording is 'accomodation' and not 'accomodations'. It means that it is applicable for a single house used for residential purpose. It is the assessee's choice to claim the deduction of any house , preferably where he gets the max deduction by satisfying other mentioned conditions of section 80 GG.

If the rent amt is revised to Rs 1000, assessee can claim it in the A.Y. in which it has PAID it. But he can not revise the return for that particular A.Y. ,as the 'acknowledgement date' of rent paid is in the different year.

Please carefully read the section and ask to seniors if required.