Hey ,
Can anybody guide me in the deduction of Sec 80GG.. Is it also applicable for Self Employed Professionals..??
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Deduction u/s80gg
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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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