Hey ,
Can anybody guide me in the deduction of Sec 80GG.. Is it also applicable for Self Employed Professionals..??
Ashish Mathur (Student) (42 Points)
26 June 2013Hey ,
Can anybody guide me in the deduction of Sec 80GG.. Is it also applicable for Self Employed Professionals..??
Ankit Singla
(B.Com (Hons.), CA)
(88 Points)
Replied 26 June 2013
Yes it is for all assessees other than those having income of HRA for payment of rent from employer.
Least of the following can be claimed as deduction u/s 80GG
1. Rent paid - 10% of total income
2. Rs.2000 p.m.
3. 25% of total income.
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