Loss from House property for Salary TDS

One employee has submitted information about the income from house property showing rent and the interest paid by him resulting in net loss to his employer. Whether employer can consider this loss from house property and recalculate his TDS on salary income and deduct TDS, which will result in lower income tax.

Is employer complying with TDS rule by considering the loss from house property declared by employee. Please post your opinion

Replies (2)

I believe yess.

If employee has submitted convincing proof or rent received and interest paid then yes.

while calculating his total income (based on the information provided by employee) this loss will be considered to ascertian TDS.

dj

 

agree with above answer.

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