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’?