House Property

Parihar Gopal (Corporate Taxation ) (392 Points)

28 June 2011  

Dear Sir ,

  One of the client of our Firm are  taking lease rent from  their  son   Company ( GAIL )  , they have occupied Ground Floor for theirself and let out first floor their son company for Rs 20700 per Month . Company are doing Payment after Deducting TDS @ 10%

My question is that whether the house property is treated as self occupied or income from  to- let  is Taxed under  house property . If the House property is treated as self occupied than How can we get the benefit of TDS deducted  (2070*12) ie 24840 for the year