Sec 80gg

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WHETHER A PROPRITOR OF BUSINESS CAN CLAIM DEDUCTION UNDER SECTION 80GG?
Replies (2)

Yes, prop. can claim benefit of section 80GG. 

Deduction shall be the lower of:

1. Rs. 2000 Per Month (Rs. 5000 Per month from AY 17-18)

2. Rent Paid-10% of total income

3. 25% of total income

 

total income means Income after all deductions except deduction under seciton 80GG

Thank u sir...


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