Deduction u/s80gg

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Hey ,

Can anybody guide me in the deduction of Sec 80GG.. Is it also applicable for  Self Employed Professionals..??

 

 

Replies (1)

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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