Query on house property income - urgent

S.Karthikeyan (student) (31 Points)

09 September 2011  

Dear friends,
    Mr.A has given his house on Self Lease to his employer @ Rs.40000/- P.m. The employer has deducted Rs.3000 per month as House Rent Recovery [HRR]. The employer has also deducted TDS on calculated Accommodation Perquisite Value of Rs.120000

Query
  1) Can Mr.A Deduct the HRR component & the Perks value, while calculating the Income under the head House Property as [480000 - 36000 - 120000]
  2) Kindly give reasons with specific provisions in the Act/ Rules for your answers

 

Thanks in advance