India - Income Tax Act 2010 - Saarc

S. 80GGA I.T. ACT, 1961 1.41281[Deductions in respect of rents paid. 8280GG. In computing the total income of an assessee, not being an assesseehaving any income falling within clause (13A) of section 10, there shallbe deducted any expenditure incurred by him in excess of ten per cent of his totalincome towards payment of rent (by whatever name called) in respect of anyfurnished or unfurnished accommodation occupied by him for the purposes ofhis own residence, to the extent to which such excess expenditure does notexceed two thousand rupees per month or twenty-five per cent of his totalincome for the year, whichever is less, and subject to such other conditions orlimitations as may be prescribed 83 , having regard to the area or place in whichsuch accommodation is situated and other relevant considerations :Provided that nothing in this section shall apply to an assessee in any case whereany residential accommodation is—(i) owned by the assessee or by his spouse or minor child or, where suchassessee is a member of a Hindu undivided family, by such family atthe place where he ordinarily resides or performs duties of his officeor employment or carries on his business or profession; or(ii) owned by the assessee at any other place, being accommodation inthe occupation of the assessee, the value of which is to be determined84[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 twentyfiveper cent, as the case may be, of the assessee’s total income before allowingdeduction for any expenditure under this section.]85[Deduction in respect of certain donations for scientific research or ruraldevelopment.80GGA. (1) In computing the total income of an assessee, there shall bededucted, in accordance with and subject to the provisions of thissection, the sums specified in sub-section (2).(2) The sums referred to in sub-section (1) shall be the following, namely :—(a) any sum paid by the assessee in the previous year to a 85a [scientificresearch association] which has as its object the undertaking of81. Reintroduced by the Finance (No. 2) Act, 1998, w.r.e.f. 1-4-1998. Earlier original section80GG, as inserted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-4-1976 andfurther amended by the Finance Act, 1982, w.e.f. 1-4-1983, the Finance Act, 1983, w.e.f.1-4-1984, the Finance Act, 1986, w.e.f. 1-4-1987 and the Finance (No. 2) Act, 1996, w.e.f.1-4-1997, was omitted by the Finance Act, 1997, w.e.f. 1-4-1998.82. See also Circular No. 327, dated 8-2-1982. For details, see Taxmann’s Master Guide toIncome-tax Act.83. Rule 11B provides that to claim deduction under section 80GG, the assessee should filea declaration in Form No. 10BA.84. Substituted for “under sub-clause (i) of clause (a) or, as the case may be, clause (b) of subsection(2) of section 23” by the Finance Act, 2001, w.e.f. 1-4-2002.85. Inserted by the Finance Act, 1979, w.e.f. 1-4-1980. Restored to its original position by theDirect Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989. Earlier section 80GGA wasomitted by the Direct Tax Laws (Amendment) Act, 1987, with effect from the same date.85a. Words “research association” shall be substituted for “scientific research association” bythe Finance Act, 2010, w.e.f. 1-4-2011.