One of our employee is having two house properties. One is self occupied and other is let out. he has availed housing loan for both HPs. I want know whether our company can give him deduction for loss from let out house property and calculate and deduct tax accordingly. I know for self occuped the maximum permissible deduction is Rs.150,000/- and there is no such limit for let out house property. Please help me. thanks.
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 26 August 2011
dont go indepth of such complications of his rental and loss, consider his one property which is self occupied, allow interest on that and deduct TDS
he is entitled to file ITR after his rental income, interest on 2nd property and other issues, coz everything is not in the control of employer, so he can file ITR and claim refund
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
