1.I am owner of proprietorship business I have one house near business place within specified limit .but I Stayed in rent can I get 80gg deduction?
2.incase I gave my own propert to rent it is near to my business place. and I stayed in rent can I get 80gg?
3. I have one house near my work place and it's not given to rent and iam stayed in other rented rented house can I get 80gg deduction?
Menu
80gg deduction
Replies (1)
1. No you cannot get deduction u/s 80gg as you have own residential property along with rented house.
2. In this case also you cannot get deduction as income from house property arises.
3. Not possible
in short in all of the three cases deduction is not applicable.
80GG is applicable where you do not get any HRA from employer and you have paid rent for any unfurnished accommodation then you can get 80GG deduction.
But if you have any own residential property along with rented house then deduction is no available
2. In this case also you cannot get deduction as income from house property arises.
3. Not possible
in short in all of the three cases deduction is not applicable.
80GG is applicable where you do not get any HRA from employer and you have paid rent for any unfurnished accommodation then you can get 80GG deduction.
But if you have any own residential property along with rented house then deduction is no available
Recent Topics :
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
Related Topics :
CAclubindia
