Gopi Chavan (21 Points)
24 July 2019one person residing in one city and having one house in another city in same state can get deduction for rent paid ? And how the rent received for another house in his name will be shown in ITR ?
Thanks in advance.
Murugan Shanmugam
(109 Points)
Replied 24 July 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 24 July 2019
1. Sec 80GG puts restriction only to not own a residential accommodation in the place of occupation. The two proviso u/s 80GG is only in relation to more than one self-occupied property and does not include one house owned by the assessee.
2. If you have actually paid rent then deduction u/s 80GG can be claimed lower of the following,
i) Rs. 5,000 pm or
ii) Rent paid less 10% of adjusted total income or
iii) 25% of adjusted total income
Whichever is less.
Please correct me if the above interpretation has an alternative view.
CA Navya Tejas
(Chartered Accountant)
(132 Points)
Replied 24 July 2019
Hi,
As long as the place of occupation is different from place of residence from which you're claiming Income from House property, it shouldn't be an issue.
However, to claim deduction u/s 80GG, you are not supposed to receive HRA Benefit from your employer and the rent is actually paid by the penant other than cash.
Thank you.
rama krishnan
(12239 Points)
Replied 24 July 2019
CAclubindia
