Company Lease Accomodation
This query is : Resolved
19 February 2008
Employee leasing his own hosue to employer. Employer provides same house to employee as CLA. Is this a tax evading technique? Tax officers are treating this as a method of tax evasion - How ?. Employee is offering the rental value as Income from house property and inturn the CLA value is also been taxed as perq. Interest on loan is alos claimed as deduction U/s 24.
19 February 2008
Please quote the facts of the case, indetail. Is it anactual case? Has there ben a disallowance? What are the grounds of dis allowance etc.
19 February 2008
no. it is not a tax evasion if supported by agreenent
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