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What is Deductions in respect of rents paid? Section 80GG of Income Tax Act 1961

Deductions in respect of rents paid is defined under section 80GG of Income Tax Act 1961. Provisions under this Section are:

Section 80GG of Income Tax Act "Deductions in respect of rents paid"

Section 80GG. In computing the total income of an assessee, not being an assessee having any income falling within clause (13A) of section 10, there shall be deducted any expenditure incurred by him in excess of ten per cent of his total income towards payment of rent (by whatever name called) in respect of any furnished or unfurnished accommodation occupied by him for the purposes of his own residence, to the extent to which such excess expenditure does not exceed two thousand rupees per month or twenty-five per cent of his total income for the year, whichever is less, and subject to such other conditions or limitations as may be prescribed54, having regard to the area or place in which such accommodation is situated and other relevant considerations :

 

 

Provided that nothing in this section shall apply to an assessee in any case where any residential accommodation is-
(i) owned by the assessee or by his spouse or minor child or, where such assessee is a member of a Hindu undivided family, by such family at the place where he ordinarily resides or performs duties of his office or employment or carries on his business or profession; or
(ii) owned by the assessee at any other place, being accommodation in the occupation of the assessee, the value of which is to be determined under clause (a) of sub-section (2) or, as the case may be, clause (a) of sub-section (4) of section 23.
Explanation.-In this section, the expressions "ten per cent of his total income" and "twenty-five per cent of his total income" shall mean ten per cent or twenty-five per cent, as the case may be, of the assessee's total income before allowing deduction for any expenditure under this section.

Income Tax Act 1961

What is Deduction in respect of health insurance premia? Section 80D of Income Tax Act 1961

What is Deduction in respect of maintenance including medical treatment of a dependant who is a person with disability? Section 80DD of Income Tax Act 1961

What is Deduction in respect of medical treatment, etc? Section 80DDB of Income Tax Act 1961

What is Deduction in respect of interest on loan taken for higher education? Section 80E of Income Tax Act 1961

What is Deduction in respect of interest on loan taken for residential house property? Section 80EE of Income Tax Act 1961

What is Deduction in respect of donations to certain funds, charitable institutions, etc? Section 80G of Income Tax Act 1961

What is Deductions in respect of rents paid? Section 80GG of Income Tax Act 1961

What is Deduction in respect of certain donations for scientific research or rural development? Section 80GGA of Income Tax Act 1961

What is Deduction in respect of contributions given by companies to political parties? What is Deduction in respect of contributions given by any person to political parties? Section 80GGB and 80GGC of Income Tax Act 1961

What is Deduction in respect of profits and gains from newly established industrial undertakings or hotel business in backward areas? Section 80HH of Income Tax Act 1961

What is Deduction in respect of profits and gains from newly established small-scale industrial undertakings in certain areas? Section 80HHA of Income Tax Act 1961

What is Deduction in respect of profits and gains from projects outside India? Section 80HHB of Income Tax Act 1961

What is Deduction in respect of profits and gains from housing projects in certain cases? Section 80HHBA of Income Tax Act 1961

What is Deduction in respect of profits retained for export business? Section 80HHC of Income Tax Act 1961

What is Deduction in respect of earnings in convertible foreign exchange? Section 80HHD of Income Tax Act 1961

What is Deduction in respect of profits from export of computer software, etc? Section 80HHE of Income Tax Act 1961

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