Income from house property
This query is : Resolved
Aadish Jain
(Querist)
04 April 2014
An employee of a company wants to claim full housing loan interest deduction Rs. 450000 paid by him as an interest, saying that the rental income is 10000 per month from the property. As an employer,how can a company consider it as the employee didn't provide any proof regarding income. How can employer decide the rental income.
CA Jitender Sharma
(Expert)
04 April 2014
Based on employee declaration you can consider Rs 10000.00 pm his income .and accordingly consider The Housing loan interest as deduction from above income.
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