hra related
Abhinav Jain (141 Points)
12 August 2019Abhinav Jain (141 Points)
12 August 2019
Kapadia Pravin
(17259 Points)
Replied 12 August 2019
ADITYA MEHROTRA
(CA CS DipIFR (ACCA-UK))
(62 Points)
Replied 12 August 2019
Assuming that you meet the conditions as laid down under provisions of 80GG, the least of the 3 will be amount to be taken for 80GG exemption-
1) 5000/- per month
2) Rent paid minus 10% of adjusted total income
3) 25% of adjusted total income
Here adjusted total income is
Gross Total Income
Less
Long Term Capital Gain,
Short Term Capital Gain of 10% category,
Deductions under sections 80C to 80U except section 80GG and income of foreign company.
First calculate your adjusted total income and put in above 3 points and least of them will be the amount eligible for 80GG.
Abhinav Jain
(141 Points)
Replied 12 August 2019
Nayan kumar N
(18 Points)
Replied 12 August 2019
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)