Experts please advice......
The employee is provided with a company leased accomodation.
Q1. Does the lessor get 30% standand deduction benefit (as in case of income of house rent) while calculating his income?
Q2. The company is deducting flat 10% tds on the monthly lease rent, Is it according to the rules ( as the property is not for commertial purpose but for housing accomodation) ?
Q3. Can the lessor submit investment proof(under section 80C) to the company so that the TDS on the lessor income can be reduced?(Can you suggest any other method to reduce TDS?)
THANKS IN ADVANCE!!!
CAclubindia
