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80GG with Own Home?

22 September 2020

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

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4 Replies

jacinthamary (accountant) (848 Points)
Replied 23 September 2020

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

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 23 September 2020

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