07 April 2016
If an employee lets out his own house to his employer, who in turn gives it back to the employee as a rent free house then taxability in the hands of employee will be what?
07 April 2016
1.Amount received from employer will be treated as rent and to be offered for taxation under the head 'income from house property'. 2. Rent free accommodation is to be valued and to be considered as 'perquisite' and should be offered for taxation under the head 'income from salary'.
07 April 2016
Rent received is taxable as a owner of property taxable income from Hp Rent free accommodation taxable perquisitte taxable Under head salary.
07 April 2016
Rent received is taxable as a owner of property taxable income from Hp Rent free accommodation taxable perquisitte taxable Under head salary.
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