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?
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Tax ability would be in hands of whom?
Replies (1)
As per me, the employee will be taxed on income from house property and perquisites both. But the basic rule of tax is such that an income cannot be taxed twice thus you might take shelter of this. Anyhow this requires detailed analysis as this is highly litigative in nature.
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