80GG with Own Home?

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56 Points Posted on 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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On 22 September 2020 at 23:57 Report
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Quick Summary
This discussion explores whether an individual can claim a deduction under Section 80GG for rent paid, while also owning a home. The consensus is that you cannot claim 80GG if you own residential accommodation, even if you are living elsewhere and paying rent. This is because one of the key conditions for claiming 80GG is that the individual must not own a house at their place of residence or work.

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accountant
888 Points Posted on 23 September 2020
One of the conditions to claim u/s 80GG is the individual should not own a house.
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On 23 September 2020 at 01:25
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Tax and Business Consultant
11616 Points Posted on 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
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On 23 September 2020 at 08:52
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56 Points Posted on 23 September 2020
Thanq Jacinthamary & Patel ji
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On 23 September 2020 at 09:33
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Tax and Business Consultant
11616 Points Posted on 23 September 2020
Most welcome............
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On 23 September 2020 at 11:54

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