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 Threads
- Property purchase by parents
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
Related Threads
CAclubindia
