Company provided accommodation

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S S Roy (Querist)
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05 May 2010 Can an employee stay in a company provided accommodation (and pay tax as per related perquisites valuation rules), in spite of having his own house/ flat in the same locality?

taxindiaconnect

taxindiaconnect (Expert)
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05 May 2010 No bar, He can do that. The income from house property for vacant house / rented house will be added to his taxable income. He can show the owned house as self occupied.

S S Roy

S S Roy (Querist)
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07 May 2010 What happens when the assessee stays in a company provided accommodation and his own flat remains empty/ occasionally occupied.Will he be required to pay tax on notional rent basis for his own flat?

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