Deduction u/s 24(b) is not considered by the employer

This query is : Open

CA Anand Sarda (Querist)
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19 February 2014 Hi All,

I have claimed interest on loan taken from few of our relatives for construction of house through bank.

I have submitted the certficates received from them for interest and loan taken signed by the lendor.

My employer is not accepting it and they are not allowing the deductions?

I have gone through sec 24(b) and furnished the certificate as per the Act.

Can employer has the right to overrule the Act? can they disallow by saying it is a company policy matter?

Thanks
Anand

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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19 February 2014 If the employer is not giving the deduction, you can claim the same while filing return of income. Excess TDS will be refunded.

CA Anand Sarda

CA Anand Sarda (Querist)
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19 February 2014 Hi Sidhartha,

I can claim from IT department while filing income tax return, but my query is
"does company has any right to deny the claim even after submitting the documents?"