Self occupied or let out property

This query is : Resolved

PANKAJ SHARMA (Querist)
Follow

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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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'.