Tax Saving

This query is : Resolved

Manoj Gupta (Querist)
Follow

12 December 2010 hii,,pardeep ji i have a problem plz give me advise about this problem :---

problem 1:-

i m a pensioner and getting rs. 280000 per annum. a building where i am staying was displated and now it was under the developer for the reconstruction. he is paying to us rs. 15000 per month for the alternative accomodation. so, this income of rs. 180000 per year is taxable as per the tax rule or it is exempt under any laws ??????????

Deepak Gupta

Deepak Gupta (Expert)
Follow

12 December 2010 Dear Mr. Manoj

Income of Rs.180000 will be taxable under the head other sources.

Only relief assessee can claim u/s 80GG for payment of Rent if any.