Can Mr.Ram treat the house property as self occupied

Mr.Ram owns a house property ehich is let out to his employer company for a monthly rent of Rs.10,000/-.

 

Company allotted the same house to mr.ram as rent free accommodation.

 

Can Mr.Ram treat the house property as self occupied ? if not why ?

 

Clarify the tax treatment of the above case.

 

Thanks in advance.

Replies (2)

Though Mr.Ram owns the house and uses it for self-occupation as well still he cannot treat the said house property as self occupied.

 

Since he uses the property not as owner but as employee.

 

 

Rent received from co., - taxable under income from H.P

 

Benefit of RFA taxable under the head salaries as perquisite.

 

Regards

 

K.Ilayaraja.

Rent received from co. taxable under head H.P.

Rent Free Acc. also taxable as perks.

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