Hi,
Can anyone please tell me if 80GG can be claimed for part of the year.
rama krishnan
(12234 Points)
Replied 31 July 2017
Purva Shirodkar
(-)
(33 Points)
Replied 31 July 2017
Hi Rama,
Yes, Correct. But if you want to claim for part of year, then how do we bifurcate Total Income for part of year.
Because the "Total Income" component is after considering 80C/D etc deductions and it is not possible for dividing these deductions by 12 to get the deductions per month. It does not seem logical to divide by 12 to arrive at per month figure.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"