Deduction limit under section 80GG increased: higher monthly cap and larger income percentage ceiling for rent deductions. Amendment raises the rent deduction cap under section 80GG by increasing the monthly limit and the percentage ceiling of total income, and substitutes updated cross references in the proviso and revised percentage wording in the Explanation to reflect those higher thresholds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction limit under section 80GG increased: higher monthly cap and larger income percentage ceiling for rent deductions.
Amendment raises the rent deduction cap under section 80GG by increasing the monthly limit and the percentage ceiling of total income, and substitutes updated cross references in the proviso and revised percentage wording in the Explanation to reflect those higher thresholds.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.