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

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(Querist)
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
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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.
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CA Anand Sarda

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CA Anand Sarda (Querist)
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?"
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