Student
3986 Points
Joined July 2018
1. According to sec 80GG, the condition that was contemplated with respect to claiming 80GG deductions are,
i) You are a self-employed or a salaried employee
ii) You are not in receipt of HRA during the year
iii) You or your spouse or your minor child or HUF does not own any residential house property where you currently reside
iv) You should not own any other residential house property where income of such property is calculated under the head IHP
2. Hence, in your case, you will be considered as a self-employed individual running a profession where you have decided to claim benefit u/s 44ADA which is entirely a different section compared to sec 80GG.
3. Provided all the 4 conditions are satisfied, you will be eligible to claim deductions u/s 80GG
4. Lower if the following will be allowed as deductions u/s 80GG.
i) Rs. 5,000 per month
ii) 25% of Total Income
iii) Actual rent paid less 10% of the Income
For a detailed calculation of Total income please refer the relevant rules
Please correct me if the above solution has an alternative view.