I am working for a finance company and processing loan applications and ITR's
In some ITR 's I find that after arriving at Income figure,they deduct Rs.24000 under section 80GG
Is this exemption available only for salaried or even to businessmen also
Asha,
It is applicable for those salaried individuals who do not have house rent allowance component in their salary and those non salaried individuals who have income from any sources.
Regards,
Yes any individual whether salaried/employed can claim this deduction. However employees who do not receive HRA from their co and are staying in rented premises can claim dedction u/s 80GG instead of claiming exemption u/s 10(13A)
VIKAS VERMA & CO
New Delhi
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