House rent expenses & sec 80 gg

Tax planning 191 views 2 replies

Assessee claimed 60% of House Rent as Expenses in P&L Account as 60% of the House was used for business.

Assessee claimed the rest 40% as deduction under Section 80 GG as all conditions of that section were fulfilled.

Is this correct??

Replies (2)
Yes, it is correct.

Further more
you need to file declaration in form 10BA

thanks 


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