House property loss

As per the annual circualr for deduction of tax on salary issued by CBDT loss from any house property as per the declaration of the employee should be considered by the employer. There is no form for declaration simple statement verified by the employee is enough.

Dear Mr. Raj Kumar,

As per the provisions of Section 192 sub section (2B), if the employee has given information regarding loss under the head house property to the employer, then employer has to consider such loss while calculating income chargeable under the head salary for TDS purpose. TDS should be made on the salary income after adjusting loss under the head house property. However, loss under any other head can not be considered.

Simple declaration is enough for the employer to consider the loss. Check with the employer.. though not needed few employers still insist on form 12C filling to claim such loss.