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Interest for loan on self occupied property

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(Querist)
27 March 2008 Sir,
I have taken loan from my relative for purchase of House. i am paying interest to him and claiming deduction u/s 24 for interest on self occupied property. Can I show it to my employer and claim loss u/h house property at source. I think u/s 192 employer can consider income including loss u/h House property. Please guide.
Thanks
CA. Sandeep Aggarwal
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Jitender

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Jitender (Expert)
28 March 2008 yes ,ur employer will consider it.
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
28 March 2008 YES YOUR EMPLOYER SHOULD CONSIDER IT
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CA Praveen Chopra

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CA Praveen Chopra (Expert)
28 March 2008 Your employer will have to consider this.
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K V Subba Rao

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K V Subba Rao (Expert)
28 March 2008 Yes. Refer Para 153.2.4 of 30th edition of Sighania's Direct Taxes Ready Reckoner

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