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Claim u.s 80gg
I am retired person and receive rent of Rs 50K from builder due to redevelopment & I pay rent of Rs 17K for rented flat. I claim Rs 17 K as expense and pay tax on balance amount of 34K as other income. Can I also claim benefit u/s 80GG
Replies (1)
NO Sir you can not claim deduction of Section 80GG. Further more the method you are adoption in showing your income have to be modified. Pls show complete income of 50k in ITR and do not deduct 17k as expenses, since both are different properties. If you spend the money on the property from which you receive 50k then you can deduct the actual expenses from the same.
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