My income from let out house property is negative. Can I ask my employer to consider this loss against my salary income while computing the TDS on my salary?
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Set-off of house property loss against salary permitted for TDS purposes subject to statutory upper limit. An employer may consider a loss under the head Income from house property against salary when computing TDS, but only up to a statutory limit of Rs. 2 lakh; losses under other heads cannot be set off for TDS on salary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Set-off of house property loss against salary permitted for TDS purposes subject to statutory upper limit.
An employer may consider a loss under the head Income from house property against salary when computing TDS, but only up to a statutory limit of Rs. 2 lakh; losses under other heads cannot be set off for TDS on salary.
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