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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Tax Deduction for Rent under Section 80-GG: Eligibility, Limits, and Conditions for Non-Homeowners Explained</h1> Section 80-GG of the Income-tax Act, inserted by the Finance (No. 2) Act, 1998, allows a deduction for rent paid by an assessee who does not receive income under section 10(13A). The deduction is for rent exceeding 10% of total income, capped at either 2,000 per month or 25% of total income, whichever is lower. This is subject to conditions related to the location of the accommodation. The deduction is not applicable if the assessee or their family owns residential property at their place of residence, work, or business, or if the assessee owns other occupied accommodation.
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