Self lease means

This query is : Resolved

Anuj (Querist)
Follow

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

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Tanuj Kumar Sharma

avulaandcopdrl 2023

Amit

Sameer

Choudhary

Subscribe Now

Self lease means

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Accountant

GST CONSULTANCY

Article Assistant