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
CAclubindia
