80GG deduction for professional income

243 views 3 replies

mohit

accountant

142 Points Joined February 2014

I have 2000000 lacks professional income can we claim 80GG DEDUCTION ( I DON'T OWN ANY HOUSE PROPERTY) AND PAYING RENT 18600/- PER MONTH

Replies (3)

Vishal Soni

88 Points Joined April 2018

yes you can claim under 80gg

mohit

accountant

142 Points Joined February 2014

thanks for quick reply

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An assessee, who adopts the provisions of presumptive taxation scheme under the Section 44AD of the Income Tax Act, is not required to maintain any books of account. Basically this is applicable to the businesses that are covered under Section 44AA of the IT Act.