80GG deduction

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20 Points Posted on 12 November 2020
I have business of medical shop I live in rent house I pay rent yearly 48000 can I get deduction in 80GG in income tax return
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On 12 November 2020 at 15:40 Report
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Quick Summary
If you own a medical shop and pay rent for your residence, you can claim a deduction under Section 80GG of the Income Tax Act. For an annual rent of £48,000, you are eligible to claim the full amount as a deduction. Ensure you retain your rent receipts or bank transfer statements as proof for your tax return.

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Tax consultant
5895 Points Posted on 13 November 2020
Yes you can get house rent Deduction just keep the receipt with you or if you transfer then the statement
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On 13 November 2020 at 01:40
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Accountant
3662 Points Posted on 14 November 2020
Yes

you can claim full deduction of Rs. 48000
1 Reply
On 14 November 2020 at 21:47

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