80GG includes what?
This query is : Resolved
29 January 2010
What does section 80GG include?
What is Adjusted Net Income?
Thank You.
What is Adjusted Net Income?
Thank You.
29 January 2010
80GG is for deduction for rent
if a person resides in a rented home and he never get HRA in current F.Y. and he his spouse or child have no house at that place where he is working then he can claim least of belwo:
1 2000 p.m.
2 25% of total income
3 excess of rent paid over 10% of total income
Total income is calculated after excluding LTCG, STCG u/s 111A and deduction after 80C to 80U
if a person resides in a rented home and he never get HRA in current F.Y. and he his spouse or child have no house at that place where he is working then he can claim least of belwo:
1 2000 p.m.
2 25% of total income
3 excess of rent paid over 10% of total income
Total income is calculated after excluding LTCG, STCG u/s 111A and deduction after 80C to 80U
29 January 2010
agree
13 February 2010
o wow!!! thanks a lot
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
