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rental expenses
can we allowe the rental expenses in business income & also claim in 80GG deduction as 50-50
Replies (2)
You cannot claim personal expenses against business incomes as per Sec. 37. However, you can claim u/s 80GG.
| Originally posted by : poojaraj | ||
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can we allowe the rental expenses in business income & also claim in 80GG deduction as 50-50 |  |
80GG benefit is allowed to individual only subject to he is not doing business from same premises or owns any house property in same city of his residence or business by his or any family members name.
And yes he may claim rental expense in business.
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