Deduction u/s 80 GG

This query is : Resolved

Abhi123 (Querist)
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17 March 2011 Whether a person having Business Income(Partner's Remmuneration)can claim deduction u/s 80 GG.

What r documenetary evidence should he have for claiming such deduction

Jainish shah

Jainish shah (Expert)
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17 March 2011 Person who is self employed or salaried can avail benefit of deduction u/s 80 GG.

The Act does not define the word "self employed".

However in your case, the assessee is a partner i.e. member of partnership firm, which is included in the definition of self employed given by IRS.

According to my opinion, the assessee being a partner can avail benefit of deduction u/s 80GG.

In present era, if you are filing your return online you do not have to produce documents and evidences,

but when AO requires, you would have to file declaration in Form10BA.

Kindly refer provisions regarding maximum deduction allowed.