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80GG with Own Home?


G Sharath Kumar   22 September 2020

G Sharath Kumar

 40 points

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Can I Mark my Own House as Let Out & Declaring Rent Received on it as Income.
As I am also staying in Others Home paying some Rent can I Claim 80GG Rent Paid.

I don't get HRA
But Am Having Own Property in area where am working which is not sufficient for my family now.?

is it possible to Claim 80GG

avater

jacinthamary (accountant)     23 September 2020

jacinthamary
accountant 
 35 likes  601 points

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One of the conditions to claim u/s 80GG is the individual should not own a house.

avater

Sagar Patel (Tax and Business Consultant)     23 September 2020

Sagar Patel
Tax and Business Consultant 
 983 likes  11081 points

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Benifit of 80GG is not available to assessee if any residential accommodation is owned by the assessee or by his spouse or minor child or by his HUF at the place where he ordinarily resides or performs duties of his office or employment or carries on his business or profession..
So, in your case, You can't claim Deduction u/s 80GG

avater

G Sharath Kumar   23 September 2020

G Sharath Kumar

 40 points

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Thanq Jacinthamary & Patel ji

avater

Sagar Patel (Tax and Business Consultant)     23 September 2020

Sagar Patel
Tax and Business Consultant 
 983 likes  11081 points

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Most welcome............


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