15 July 2014
I own a flat in Delhi and let out it for a period of two years through a lease agreement to a PSU company which is my employer . My employer has given me this flat as official residence. The company makes deduction @ 10 % of basic pay as HRR and Housing Perks are also taxed as per prevailing rules. I wish to know the status of my property whether is self occupied or let out for the purpose of "income/Loss from house property". Thanks
15 July 2014
It is a 'let out property'. If you receive rent from your employer as per the lease agreement, that rent also should be offered as income under the head 'income from house property'.
CAclubindia
