Insertion of new section 80GG

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Full Text of the Document

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....9;80GG. Deduction in respect of rents paid. 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....