Deduction u/s 24(b) is not considered by the employer
This query is : Open
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
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
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.
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?"
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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