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Which condition must be satisfied to claim a deduction under Section 80GG (Deduction in respect of rent paid)?
  • a)
    Assessee must own residential property
  • b)
    Assessee must receive House Rent Allowance
  • c)
    Assessee must have business income
  • d)
    Assessee should not own residential property
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which condition must be satisfied to claim a deduction under Section 8...
To claim a deduction under Section 80GG, the assessee should not own any residential property at the place of his/her employment or business, and the accommodation should be occupied for his/her own residence.
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