Company provided accommodation
This query is : Open
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?
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.
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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