Self lease means
This query is : Resolved
07 August 2008
Sir,
Self lease means the property owner is employee and employer takes this property on rent from employee then again given to employee for residing th eemployee for which employer pays
Sir,
Self lease means the property owner is employee and employer takes this property on rent from employee then again given to employee for residing th eemployee for which employer pays
08 August 2008
You want to know that self lease (A property owned by an employee is taken on lease by the employer and then again given to employee for his residence) is either perquisite or income from House property in the hands of employee or both and what is TDS liability to employer U/s 192 (1A).
Other Query is whether third party lease is perquisite in the hands of employee or not.
The lease rent paid by the employer is taxable as Houseproperty income. The provision of House is a perquisite.
What do you mean by third party lease? House leased by employer from a third party and given to the employee? Yes, it is a perquisite.
Other Query is whether third party lease is perquisite in the hands of employee or not.
The lease rent paid by the employer is taxable as Houseproperty income. The provision of House is a perquisite.
What do you mean by third party lease? House leased by employer from a third party and given to the employee? Yes, it is a perquisite.
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