Good Afternoon
I have a short Query regarding taking Rent amt in Deduction 6a
Last year the person who filed my Brother IT has taken some Rent amt of rs 60000/- in Deduction 6a
Where the Total Rent amt was 415000/-
so on which basic that person taken rent amt in deduction
kindly help me out
From your query, what I understood is that your brother had paid rent amount of rs. 415000 whereas the CA had claimed only rs. 60000 as rent under section 80gg covered under chapter via. as per section 80gg, least of the following is deductible
1. rent paid in excess of 10% of total income or
2. 25% of total income or
3. 60000
among the three above, 60000 would've been the least amount and the same has been claimed as deduction under section 80gg
CAclubindia
