DOUBLE TAX ON ONE INCOME
This query is : Resolved
AKSH KUMAR
(Querist)
21 March 2009
SITUATION
MR.K(EMPLOYEE) HAS BEEN EMPLOYED WITH IOC(EMPLOYER). MR.K IS A OWNER OF HOUSE PROPERTY.
THIS PROPERTY IS TAKEN ON A LEASE BY IOC ON APPIONTMENT AND SUBSEQUENTLY GIVEN BACK TO MR.K AS A RENT FREE ACCOMADTION.
NOW. THE PROBLEM IS THAT HERE MR.K IS BOUND TO PAY TAX ON HOUSE PROPERTY U/H THE IHP AND AS PREKS IN RULE 3(1) U/H SALARY.
PLEASE EXPLAIN WHAT IS TO BE DONE IN THIS CASE & IS THERE IS DOUBLE TAXATION?
MR.K(EMPLOYEE) HAS BEEN EMPLOYED WITH IOC(EMPLOYER). MR.K IS A OWNER OF HOUSE PROPERTY.
THIS PROPERTY IS TAKEN ON A LEASE BY IOC ON APPIONTMENT AND SUBSEQUENTLY GIVEN BACK TO MR.K AS A RENT FREE ACCOMADTION.
NOW. THE PROBLEM IS THAT HERE MR.K IS BOUND TO PAY TAX ON HOUSE PROPERTY U/H THE IHP AND AS PREKS IN RULE 3(1) U/H SALARY.
PLEASE EXPLAIN WHAT IS TO BE DONE IN THIS CASE & IS THERE IS DOUBLE TAXATION?
Rajesh Kumar
(Expert)
24 March 2009
It is not a double taxation as basis of charge is different.
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