80 GG deduction benefit for Family Pension Assessees?

Question

Whether benefit of deduction u/s 80GG available for an assessee who gets a family pension ?

The assessee is a widow and does not have a residential property of her own or in the name of her immediate family. She lives in a rented property and has rental receipts for the same.

There is some confusion that u/s 80 GG is only available for assessees who are salaried or self-employed. Is this true ?

Is it possible to claim deduction u/s 80GG from the family pension income credited to her bank a/c during 07-08 FY particularly when family pension is taxable under the 'income from other sources' and not 'head salary'?

Answer 1

Yes. She would be eligible for the benefit of section 80GG deduction even if the pension is chargeable under other sources.

For conditions of availability and computation refer this link: -

http://www.v-krishnan-and-company.com/De...