If an employee lets out his own house to his employer, who in turn gives it back to the employee as a rent free house then taxability in the hands of employee will be what?
Menu
Tax ability would be in hands of whom?
Replies (1)
As per me, the employee will be taxed on income from house property and perquisites both. But the basic rule of tax is such that an income cannot be taxed twice thus you might take shelter of this. Anyhow this requires detailed analysis as this is highly litigative in nature.
Recent Topics :
- 600128 HSN rate
- Social Security benefit from US by resident
- E-way notices
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
- Category B/D pop up after the file is e verified
Related Topics :
CAclubindia
