Own flat in same area -dedn u/s. 80gg ??

CA Abhishek Singh (practice) (2106 Points)

06 October 2011  

Mr. x owns residential flat in mumbai. he has let out for mly rent of rs.5000/-. he is residing in mumbai on rent and pays 8000/- monthly rent.

will deduction u/s. 80GG allowed to him provided he shows rent received as income from house property.