Income from house property

This query is : Resolved

srinivasan ak (Querist)
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10 June 2019 Just an assumption. An employee currently working in Mumbai let out his own building located in Chennai for rent to his employer and receiving rent on monthly basis. Due to his transfer, he is moving now to chennai and the company gives the same property to him as RFA( Rent free accommodation)
Now should he need to pay tax on salary- perks on RFA? Assume HE is PAYING TAX FOR HP rental income.
Kindly clarify the tax treatment

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 June 2019 Yes, Now he should pay tax on salary- perks on RFA.

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srinivasan ak

srinivasan ak (Querist)
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10 June 2019 Thanks a lot sir. Is it not paying tax twice on the same source of income sir?

Amol S Joglekar

Amol S Joglekar (Expert)
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10 June 2019 yes, he has to pay tax on rent free accommodation.

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Amol S Joglekar

Amol S Joglekar (Expert)
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10 June 2019 it is NOT paying tax twice.
One is income from house property (Lease rental received)
Another is income from salary (Rent free accommodation)

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